3:47 PM · 29 December 2023

US Chicago PMI much below expectations

US Chicago PMI for December

46,9 pts vs 51 pts exp. and 55,8 pts

Much weaker than expected regional Chicago PMI index may be 'interpreted' as a part of general weaker US macro readings in December. Lagging Fed rate hikes effect? Source: Bloomberg Financial LP

EURUSD gains after weaker than expected US macro reading. Source: xStation

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Losses can exceed deposits

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