Breaking
Posted 9 hours ago
US ISM Manufacturing Employment Index Beats 52.8 vs 50 Forecast
US ISM Manufacturing Employment Index printed 52.8 in August, well above the 50 forecast and prior 49.7, signaling stronger manufacturing job growth. This hawkish labor surprise contradicts the Fed-dovish narrative and could support USD near-term, though it clashes with current market consensus of rate-cut momentum. Watch USD pairs, particularly USD/JPY and EUR/USD, for direction.
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