đBreaking: US ISM Manufacturing PMI surprised to the downside in February #USANEWS #BTCBelow90K #TraderProfile
The US ISM Manufacturing PMI missed consensus in February.The US Dollar remains well on the defensive on Monday.#USCryptoReserve
Data from the Institute for Supply Management (ISM) show the Manufacturing PMI receding to 50.3 in February, down from 50.9 in the previous month and falling behind analystsâ forecasts of 50.5.
Meanwhile, the Prices Paid Indexâwhich tracks inflationâadvanced to 62.4 from 54.9, the Employment Index ticked lower to 47.6Â from 50.3, and the New Orders Index deflated to 48.6, from 55.1.
The US ISM Manufacturing PMI is expected to tick a tad lower in February.Investors will also follow the ISM Prices index and the Employment index. EUR/USD came under pressure and broke below the 1.0400 level.