The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI)shows business conditions in the US manufacturing sector , It is a significant indicator of the overall economic condition in United States.
Usual Effect: A high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.
Frequency: Released monthly, on the first business day after the month ends.
Last Read :56.6
Actual : 59.0
Volatility : high
Market Impact : a reading above 57.0 is likely to bring bullish move for the USD.
Recommendations : Buy the USD …any fall should be limited and should be taken as an opportunity to buy the USD on dips.The US dollar remains strong against all majors.