It looks like the U.S. dollar was able to gain benefit from the risk off environment yesterday as it ended higher against most of its major counterparts. Check out the latest U.S. data to see how it all panned out.
The U.S. manufacturing industry contracted once again in August as the ISM manufacturing PMI for the month slipped from 49.8 to 49.6 instead of rising to 50.0. This marks the third consecutive month of contraction in the industry as new orders and hiring dropped.
There are no red flags on the U.S. economic schedule for today, which means that we'll see either a lot of consolidation or positioning ahead of the top-tier reports due later on.
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