Monday, October 2, 2017 10:06 AM EDT
The US manufacturing sector seems to be on fire, at least according to the forward-looking ISM Manufacturing PMI. The indicator reached 60.8 points, better than 58 expected. In addition, also inflation is on the rise: 72 points in the Prices component.
The US dollar extends its gains.
The ISM Manufacturing PMI was expected to stand at 58 points in September, down from 58.8 in August. Any score above 50 reflects expansion and scores close to 60 represent rapid growth.
The US dollar has been on the rise against many currencies. The violence in Catalonia and the deadly shooting in Las Vegas dampen the mood.
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