Data from the Institute for Supply Management (ISM) show the Manufacturing PMI receding to 50.3 in February, down from 50.9 in the previous month and falling behind analysts' forecasts of 50.5.
Meanwhile, the Prices Paid Index—which tracks inflation—advanced to 62.4 from 54.9, the Employment Index ticked lower to 47.6 from 50.3, and the New Orders Index deflated to 48.6, from 55.1.
Market reaction
The Greenback maintains its downbeat performance at the beginning of the week, motivating the US Dollar Index (DXY) to deflate to the 106.60 region.
Source : Fxstreet
