Live Comments Dollar dives after ISM non-manufacturing dropped sharply to 52.6

    Dollar dives after ISM non-manufacturing dropped sharply to 52.6

    Dollar dives notably after poor services data from US. ISM Non-Manufacturing PMI dropped to 52.6 in September, down from 56.4, and missed expectation of 55.1. Looking at some details, Production dropped -6.3 to 55.2. New Orders dropped -6.6 to 53.7. Employment dropped -2.7 to 50.3. Prices, on the other hand, rose 1.8 to 60.0.

    ISM said : “According to the NMI, 13 non-manufacturing industries reported growth. The non-manufacturing sector pulled back after reflecting strong growth in August. The respondents are mostly concerned about tariffs, labor resources and the direction of the economy.”

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