The ISM manufacturing index it rose to 59.9 in August from 59.5, which was a positive surprise as the market consensus was for a pullback to 58.6. The price paid index it fell from 85.7 to 79.4, lower than the 83.8 expected; that of new orders rose from 64.9 to 66.7, beating the expectation of 65.6, while that of job it went from 52.9 to 49, below the 51.4 of the market consensus.
The dollar regained some of the ground lost after the August ISM figures, although it was still under pressure, with the DXY near the weekly low. EUR / USD moved away from the three-week high and returned below 1.1840 and USD / JPY returned above 110.00.
Prior to this data, there was a slight downward revision in the Markit PMI to 61.1 and earlier a figure below what was expected in the employment ADP. Friday will be the critical data of the week with nonfarm payrolls.
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