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Dollar jumps as US ISM beats the street across all components-check out the EUR/USD now
The important and quite eagerly awaited US March ISM (Institute of Supply Management) manufacturing index has just been released. The ISM index rose to 50.3 and that was way above consensus. Prices paid also massively beat the street, rising to 55.8, from 52.5. New orders rose to 51.4, from 49.2. Employment was the slightly outlier as it was below forecasts, but still well above the previous reading of 45.9. The employment component was at 47.4. US yields have lifted on this news. The 10 year note is no 0.10% higher and that has forced the dollar higher. The USD/JPY is now lifting above 151.75 and the EUR/USD has fallen below the lows seen last week, at 1.0768. It is currently trading at 1.0753
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