US: ISM Chicago PMI falls to 61.8 in November versus 67.0 expected
|- The Chicago PMI dropped to its lowest level since February in November at 61.8.
- The dollar came under some modest selling pressure.
The Chicago Purchasing Managers Index (PMI) fell to 61.8 in November from 68.4 in October, data released by ISM-Chicago, Inc revealed on Tuesday. That was a bigger decline than the expected drop to 67.0 and took the Chicago PMI to its lowest level since February.
Market Reaction
The dollar index appears to have seen some modest weakness on the data, with the DXY slipping to fresh session lows in the 95.50s in recent trade.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.