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The US manufacturing PMI is at its lowest level in seven months, and the dollar is recording weekly losses
image 22 October، 2021
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 The Purchasing Managers’ Index for the US services sector rebounded in the preliminary reading for the month of September, according to the report issued by IHS Markets or the US Bureau of Economic Analysis issued moments ago, by 58.2, exceeding expectations that indicated a decline to 55.3, to be revised to the August reading, rising to 54.9, recording its highest level in three months.

On the other hand, the growth of the manufacturing sector slowed down to settle at 59.2 compared to 60.7 in August (expectations at 60.5), recording its lowest level in seven months.

The general index of the US dollar is trading down at 93.55 with the opening of the US markets and is heading to record weekly losses for the second week in a row by more than 0.35%.

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