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The US dollar ignores the negativity of the ISM manufacturing index and heads to record weekly gains
image 1 July، 2022
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 The ISM Manufacturing Purchasing Managers’ Index increased in June by 53 points, marking a 25th consecutive month of growth, although it declined by 3.1 points compared to May’s reading of 56.1, while it was expected to decline to 54.6 points.

In details, the new orders index registered a growth of 49.2 points, down by 5.9 points, compared to the May reading (55.1), while the production index rose by 0.7 points to reach 54.9, and the production index declined to 78.5.

\The US dollar ignored this data and continues to rise by trading at 105.55 levels, rising by 0.90% in the last sessions of the week, and heading to record weekly gains of 1.5%.

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