The preliminary estimate of the Markit PMI index for Novemberbre showed higher than expected figures, which was followed by a recovery of the dollar in the market.
The Manufacturing PMI index it rose from 53.4 to 56.7, beating the expectation that was for a reading of 53. Regarding the service sector index it went from 56.9 to 57.7, and the consensus was 55.3.
The data was surprising since in both a slight fall was expected and it did not rise. This triggered a strong recovery of the dollar in the market. Manufacturing PMI peaked in 74 months and services in 68 months.
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