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.
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.
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.