BREAKING: USD weakens after downbeat ISM Manufacturing PMI report

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The ISM Manufacturing PMI for the US fell to 50.9 in September from 52.8 in the previous month, and bellow analysts’ expectations of 52.2. Today’s reading points to the slowest growth in factory activity since the contractions in 2020.

Further details of the publication:

Prices paid 51.7 vs 51.9 expected (prior 52.5)
Production 50.6 vs 50.4 prior
Employment 48.7 vs 54.2 prior
New orders 47.1 vs 51.3 prior
Order backlog 50.9 vs 53.0 prior
New export orders 47.8 vs 49.4 prior

EURUSD rose slighlty and is testing 50 SMA (green line). Source:xStation5

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