US: ISM Chicago PMI declines to 66.8 in August vs. 68 expected

ISM Chicago PMI came in lower than expected in August.
US Dollar Index stays in the negative territory near 92.50.

Eren Sengezer FXStreet

The Chicago Purchasing Managers Index released by ISM-Chicago dropped to 66.8 in August from 73.4 in July, showing deteriorating business conditions across Illinois, Indiana and Michigan. This reading came in lower than the market expectation of 68.

Market reaction

This report doesn't seem to be having a significant impact on the USD's performance against its major rivals. As of writing, the US Dollar Index was down 0.2% on the day at 92.51.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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