US manufacturing widens expansion in June
U.S. manufacturing sector showed a widening expansion last month, as the ISM manufacturing Purchasing Mangers’ Index (PMI) posted 57.8, the highest record in nearly three years, from 54.9 in May, while analysts had predicted a reading of 55.0.
The final manufacturing PMI released today came in at 52.0, below both preliminary and expected readings of 52.1.
As of 14:07 GMT, the
dollar traded higher versus a basket of major currencies around 96.08, as
depicted by the dollar index.