US ISM Manufacturing data for Mar 2018 on 02.04.2018

  • Prior ISM PMI 60.8
  • ISM Manufacturing Employment 57.3 vs 54.5 exp, prior 59.7
  • ISM Prices paid 78.1 vs 72.5 exp, prior 74.2
  • ISM New Orders 61.9 vs 64.2 prior
  • Also out Construction spending 0.1 % vs 0.5% exp, prior 0.0%

A mixed bag but tilted to the downside ; Employment and Prices paid indices keep inflationary pressure in balance then compared to a lower ISM headline and worse Construction spending numbers .

USD is actually ticking up a spread :
EURUSD 1.2318
USDJPY 106.43
Cable 1.4041

Not sure what to bake of it , maybe just a flow going through

K-man

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