US Manufacturing PMI Slows

Data from the US Manufacturing Purchasing Managers' Index (PMI) showed a slowdown in growth, with the index reaching 53.2 points, below expectations of 54.0 points and the previous month's reading of 53.9 points. Although the index indicates expansion in the manufacturing sector, the decline reflects a deceleration in growth pace and raises concerns about potential impacts on production and supply chains, which could negatively affect market sentiment and the dollar.

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