The US business activity data in the manufacturing sector

• ISM manufacturin employment  (Sept), fact 58.8, forecast 58.1.
• ISM  index of business activity in the manufacturing sector (PMI)  (Sep), fact 59.8,  forecast   60.1.

Business activity in the manufacturing sector slowed in September, after a significant increase in August. At the same time, this indicator corresponds to the average value for the last year and the maximum values ​​for the last ten years. Near the maximum values, employment in the manufacturing sector also remains.

As a result,  business activity report in the US manufacturing sector was restrainedly positive. But, despite this fact, the dynamics of the US currency remains restrained by the growth of optimism in the market and strengthening of stock indices.

As a result, the US dollar index is limited to the trading range from 95.00 to 95.30, thereby unloading the overbought dollar and forming a flat.

The US dollar index chart. The current price is 95.10 (10-year government bonds yield is a blue line)

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Hanzenko Anton

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