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US June ISM Manufacturing Expands at 53.3, Easing Price Pressures Boost USD

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The Story

News Summary

  • U.S.
  • manufacturing expanded for the sixth consecutive month in June, albeit at a slightly slower pace of 53.3.
  • Key subindexes, including employment and inventories, showed positive momentum, while price pressures eased significantly, pointing to resilient economic growth that supports the U.S.
  • dollar over the Euro.
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