The ISM manufacturing sector activity report showed figures above expectations for October. The ISM manufacturing index it rose from 55.4 to 59.3, beating the market consensus of 55.8. The reading was the highest since September 2018.
The employment indicator it went from 49.6 to 53.2, with a decline to 40.9 expected. The new order rate it rose from 60.2 to 67.9, against average estimates for a drop to 45.9. The one of prices paid it rose to 65.6 from 59.5.
The dollar did not register significant changes. Minutes before the Markit PMI manufacturing had been published. The focus is on Tuesday’s US presidential election. In addition, on Wednesday the decision of the Federal Reserve will be known and on Friday the official employment report.
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Credits: Forex Street
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