Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
The typical/expected impact on USD pairs is high.
The consensus forecast for ISM Manufacturing PMI is 48. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
The most recent announced value for ISM Manufacturing PMI was 49 against a forecast of 49.5.
Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next ISM Manufacturing PMI result:
Country: | United States |
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Currency: | USD |
Source: | Institute for Supply Management |
Category: | Economic Activity |
Frequency: | Monthly |