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: 2025.08.01
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US ISM Manufacturing PMI fell to 48.0 in July
Breaking news
US ISM Manufacturing PMI fell to 48.0 in July
2025.08.01 23:05
2025.08.01 23:05
- The ISM Manufacturing PMI ticked lower to 48.0 in June, missing consensus.
- The US Dollar remains well on the defensive, revisiting two-day lows.
In July, the US manufacturing sector's economy lost some momentum. The ISM Manufacturing PMI dropped from 49.0 in June to 48.0, which was also lower than analysts' predictions of 49.5.
The Employment Index fell from 45.0 in June to 43.5, which means that the sector's payrolls are having some trouble. The Prices Paid Index, which monitors inflation, went down from 69.7 to 64.8. Finally, the New Orders index rose from 46.4 to 47.1 in the previous reading.
GDP FAQs
A country's Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are those that compare GDP to the previous quarter e.g Q2 of 2023 vs Q1 of 2023, or to the same period in the previous year, e.g Q2 of 2023 vs Q2 of 2022. Annualized quarterly GDP figures extrapolate the growth rate of the quarter as if it were constant for the rest of the year. These can be misleading, however, if temporary shocks impact growth in one quarter but are unlikely to last all year - such as happened in the first quarter of 2020 at the outbreak of the covid pandemic, when growth plummeted.
A higher GDP result is generally positive for a nation's currency as it reflects a growing economy, which is more likely to produce goods and services that can be exported, as well as attracting higher foreign investment. By the same token, when GDP falls it is usually negative for the currency. When an economy grows people tend to spend more, which leads to inflation. The country's central bank then has to put up interest rates to combat the inflation with the side effect of attracting more capital inflows from global investors, thus helping the local currency appreciate.
When an economy grows and GDP is rising, people tend to spend more which leads to inflation. The country's central bank then has to put up interest rates to combat the inflation. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold versus placing the money in a cash deposit account. Therefore, a higher GDP growth rate is usually a bearish factor for Gold price.
Last updated
: 2025.08.01
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EUR/USD surges above 1.17 as Powell hints at September Fed cut
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2025.08.23 03:45Gold climbs as Powell flags rising labor risks, dovish Fed tilt
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2025.08.23 03:44USD/CHF tumbles as Powell's Jackson Hole remarks trigger US Dollar selloff
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The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on Friday, with NZD/USD rebounding from its lowest level since April 11 as traders reacted to Federal Reserve (Fed) Chair Jerome Powell's cautious remarks at the Jackson Hole Economic Symposium.
2025.08.23 00:37USD/CAD slides as Powell turns dovish, Canadian Retail Sales beat
The USD/CAD tumbles over 0.49% during the North American session as the Fed Chair Jerome Powell leans dovish and strong Canadian Retail Sales, boosted the Loonie. At the time of writing, the pair trades at 1.3835 after hitting a daily high of 1.3924.
2025.08.23 00:21USD/JPY retreats from three-week high as Powell's remarks amplify September rate cut bets
The Japanese Yen (JPY) advanced strongly against the US Dollar (USD) on Friday, with USD/JPY retreating from an intraday high of 148.78 to trade near 146.66, down almost 1% on the day.
2025.08.23 00:05EUR/USD jumps above 1.1700 on Powell's dovish words
The US Dollar (USD) collapsed as Federal Reserve (Fed) Chair Jerome Powell delivered his speech at a Jackson Hole Symposium, with EUR/USD peaking at 1.1707, up roughly 100 pips in the last few minutes.
2025.08.22 23:47GBP/USD jumps past 1.3500 as Powell leans dovish
The GBP/USD rallies as the Fed Chair Jerome Powell takes the stand at the Jackson Hole Symposium. At the time of writing, the pair trades above 1.3500 after Powell hints that the Fed might be ready to resume its easing cycle.
2025.08.22 23:46Silver extends rally as Powell's Jackson Hole remarks boost Fed cut bets
Silver (XAG/USD) rallies sharply on Friday, rebounding from an intraday low of $37.70 to trade near $38.70, up around 1.40% on the day.
2025.08.22 23:40Disclaimer:
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