ISM Manufacturing PMI: Faster Contraction In December

December ISM Manufacturing Falls to 47.9 Percent

ISM Manufacturing PMI: Faster Contraction In December

The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) came in at 47.9 in December, the lowest reading since October 2024.

The dollar gives up initial gains

USD While the dollar initially began the week on the front foot, supported by safe-haven demand as markets grappled with unrest in Iran and a dramatic US operation in Venezuela over the weekend, that uptick did not last for long. Risk appetite returned as Monday progressed: equity markets rallied, and the greenback gave back its early gains, finishing slightly lower against most majors. Notably, the US ISM manufacturing PMI undershot expectation…

Dollar Pulls Back as US Manufacturing Activity Contracts

The dollar index (DXY00 ) fell from a 3-week high on Monday and finished down by -0.16%. The dollar retreated on Monday after the US Dec ISM manufacturing index unexpectedly contracted by the most in fourteen months. Also, Monday’s rally in stocks curbed liquidity demand for the dollar. The dollar...

Spot gold trades near $4,450/oz after ISM Manufacturing PMI falls to 47.9

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