The US Dollar weakened against the Euro on the US Chicago PMI report, but temporarily changed the direction to touch the 1.1937 mark. The EUR/USD was under less apparent bullish sentiment to continue consolidation at the 1.1945 level.
Factory activity in Chicago strengthened again by the end of the year, according to the MNI survey. Market News International stated that its PMI of manufacturing sector in Chicago jumped to 67.6 in December, after 63.9 reading in the previous month. The survey also showed that businesses were shoring the stock level to support lead times and prepare for next year’s product launches. However, the employment rate decreased, but remained higher than in post-crisis times.
