The ISM Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the US. A reading which is higher than the market forecast is bullish for the dollar.

The index improved to 53.2 points in November, beating the forecast of 52.1 points. This marked the highest reading for the indicator since June. The upward trend is expected to continue in…
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