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US ISM unchanged but prices paid higher than forecast- EUR/USD tries to rally

The November reading of the US ISM manufacturing index has just been released. As noted here earlier this afternoon the markets were looking for an improvement last month. The consensus was for a rise to around 48. The actual data has revealed the index was unchanged at 46.7. Prices paid were expected to rise to 46 from 45.1. That have actually jumped to 49.9. New orders were forecast to rise to 46.7, from 45.5. Those have risen to 48.3 The employment index was forecast to rise 47.6 from a prior reading of 46.8. That has actually fallen to 45.8. So, a really mixed bag there and on balance not a good one for any doves out there, but this was surely priced into the EUR/USD below 1.0850 ahead of the release. The US stock markets have also lifted on the news, but that does not compute here really. That prices paid component is going to keep the Fed on its toes for sure.The EUR/USD risen on this, but it remains to be seen as to how far that might lead. It is currently trading at 1.0854

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