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US manufacturing PMI shows employment at lowest since 2014

FXStreet (Mumbai) - The preliminary US manufacturing PMI released by the Markit today dropped to its lowest levels since October 2013 and factory gate prices fall for the first time in over three years.

The headline seasonally adjusted Markit Flash US Manufacturing Purchasing Managers’ Index (PMI) registered 53.0 in September, unchanged from August’s 22- month low.

The details revealed new export orders picked up marginally in September, but the increase in payroll numbers was only marginal and the weakest since July 2014. Meanwhile, factory gate charges dropped for the first time since August 2012.

USD/CAD retreats from 1.3320

The US dollar remains bid against its Canadian peer on Wednesday, with USD/CAD meandering the upper band of the range near 1.3300 the figure...
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