The index Services PMI from the Institute for Supply Management (ISM) has risen nine tenths in November, rising to 52.7 from 51.8 in October, its highest level in two months. The figure improves market expectations, since a slight increase to 52.00 was predicted.
The employment component of the ISM has grown five tenths in November, standing at 50.7 compared to the previous 50.2.
The new orders index has remained unchanged at 55.5, while prices paid have fallen from 58.6 to 58.3 in November, their lowest level in four months.
Dollar reaction
He Dollar Index (DXY) US has fallen with the data about 15 pips, sliding to 103.57 and approaching the daily low of the Asian session at 103.53. At the time of writing, the greenback is trading above 103.63, flat on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
