- Chicago’s PMI fell short of market expectations in August.
- The US dollar index remains deep in the red near 92.50.
The Chicago purchasing managers index published by the ISM-Chicago edged down to 51.2 in August from 51.9 in July. This reading missed 52 market expectations and showed an expansion of private sector economic activity at a more moderate pace.
The US dollar index showed no significant reaction to this data and was last seen losing 0.55% on a daily basis to 92.48. Meanwhile, the S&P 500 index rose 0.25% on the day to 3493, suggesting that the market mood remains bullish on Friday.