US: Markit Manufacturing PMI rises to 60.5 (final) in March from 59.1
|- Markit Manufacturing PMI rose above 60 in April.
- US Dollar Index stays deep in the negative territory around 91.00.
The IHS Markit's Manufacturing PMI for the US rose to 60.5 (final) in April from 59.1 in March. This reading came in slightly worse than the flash estimate of 60.6 and showed an ongoing expansion in the manufacturing sector's business activity at a strong pace.
Commenting on the data, "US manufacturers reported the biggest boom in at least 14 years during April," noted Chris Williamson, Chief Business Economist at IHS Markit noted. "Demand surged at a pace not seen for 11 years amid growing recovery hopes and fresh stimulus measures."
Market reaction
The greenback continues to have a difficult time finding demand after this report. As of writing, the US Dollar Index was down 0.28% on a daily basis at 91.05.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.