The US dollar slowed growth. Data from ISM USA

The US dollar retreated from the high of today’s trading against the basket of currencies against the background of weak statistics from the ISM.

• The index of employment in the manufacturing sector from the ISM in April fell to 54.2, against the previous value of 57.3.
• The index of business activity in the manufacturing sector (PMI) from ISM in April was 57.3, which is lower than the previous value at the level of 59.3.

Against the backdrop of this statistics, the US dollar index retreated from the high of today’s trading at 92.41, but still maintains its upside potential ahead of tomorrow’s Fed meeting.

Fig. Graph of the US dollar index. The current price is DXY -92.37.

Alexander Sivtsov