Published: 2024-01-03T15:26:26.000Z
USD flows: USD steady after data

Senior FX Strategist
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ISM and JOLTS mixed, USD steady
Mixed ISM data and another weaker than expected JOLTS number has stabilised the USD after its gains through most of the day. While the ISM PMI and employment indices were higher and stronger than expected, the new orders and prices indices both fell and were lower than expected, while the JOLTS were lower than expected in November, but October was revised up. So nothing too conclusive in the numbers, but with the USD having made solid gains in the last two days, it looks like time for a pause in the run-up to the employment report.