Ang US Dollar ay nangangalakal sa pula kasunod ng malambot na ISM PMI
Pananalapi Ang US Dollar ay nangangalakal sa pula kasunod ng malambot na ISM PMI Balita ng Ethereum ng Bitcoin The DXY Index trades bearishly at 103.7, marking a weak end to the week. US ISM Manufacturing PMI came disappointingly lower at 47.8, far off the anticipated 49.5. The expectations for the easing cycle to start in June remain intact. The US Dollar Index (DXY) initiates a new month of trading on Friday with a slightly lower open at the 103.7 level. This fall is primarily driven by a contraction in the US manufacturing sector in February. Despite an overall slump in the manufacturing sectors performance, Federal Reserve (Fed) officials maintain poker faces and have refused to start cutting rates. In the meantime, while the US economy is displaying mixed signs, the markets are aligned with the Feds forecasts and are now expecting 75 bps of easing in 2024, starting in June. Daily digest market movers: US Dollar weakens as ISM PMIs display signs of softness in US economic activity Data from the Institute for Supply Manufacturing (ISM) reveals weak figures for February. The report revealed that the Manufacturing PMI dropped to 47.8 from 49.1 in January, significantly missing the market expectation of 49.5. Manufacturing Prices came in at 52.5 versus