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Calculated Risk: CoreLogic: House Prices up 17 2% Year-over-year in June
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March ISM Manufacturing PMI Hits Highest Level Since 1983, USD Rotates Higher 2021-04-01 14:00:00 Izaac Brook,
ISM Manufacturing & US Dollar Talking Points:
ISM Manufacturing PMI for January prints at 64.7 versus forecast of 61.3.
Print is strongly above expectations, headline PMI hits highest level since 1983.
DXY has stepped back from four-month highs but remains around 93.00 level. Advertisement
March ISM Manufacturing PMI Hits Highest Level Since 1983, USD Rotates Higher
US manufacturing activity in March strongly beat expectations as the ISM Manufacturing PMI printed at 64.7 versus a forecast of 61.3, the index’s highest readout since 1983. February’s print shows continued strength from the manufacturing sector. The new orders component of the report hit its highest level since 2004, and the employment index rose to its highest point since 2018.