US business activity data
- Manufacturing PMI (Dec), fact 53.9, forecast 55.1.
- Business PMI (Services PMI) (Dec), fact 53.4, forecast 54.7.
Preliminary data on business activity in the manufacturing sector (PMI) The United States for December continued to slow down, indicating the formation of a recession and the continued downward trend.
Fig. 1. Graph of business activity index in the manufacturing sector (PMI) in the US
The US dollar index reacted with a decrease in these statistics, which is not strange, because the American dollar moved to a correction after rising on positive data on US retail sales. Thus, the US dollar index is limited by overbought and resisting 97.70. Correction after growth and profit taking before the weekend can return the American dollar to the level of support 97.50-40.
Fig. 2. The US dollar index chart. The current price is 97.60 (10-year government bonds yield is the blue line)
Hanzenko Anton
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