- ISM Manufacturing falls to the lowest since September 2020.
- The dollar is not affected.
- On Wednesday the Fed and on Friday the employment report.
Thev in April it had an unexpected setback to settle at 55.4, below the 57.6 of the market consensus and lower than the 57.1 of March; matching the September 2020 low.
The employment rate The ISM manufacturing index fell from 56.3 to 50.9, below the 54.7 expected. The ISM index of prices paid fell from 87.1 to 84.6, against the expected rise to 87.5. The new orders indicator was 53.5, lower than the estimated 57.7 and lower than the 53.8 in March.
At the same time, it was also known that construction spending in March, which registered a rise of 0.1%, was lower than the expected increase of 0.7%. The S&P Global PMI for the manufacturing sector had been previously published, which was negatively revised compared to the preliminary reading.
The dollar it eased after the report modestly, but held firm Monday on the back of rising Treasury yields. On Wednesday the decision of the Federal Reserve will be known and on Friday there will be the employment report for April.
Source: Fx Street
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