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News of the Day
Manufacturing PMI and services PMI highlight Friday’s economic calendar
Flash Manufacturing PMI (Purchasing Managers’ Index) is a leading economic indicator that measures the business conditions in the U.S. manufacturing sector.
It is released earlier than the final PMI, so markets treat it as high-impact, forward-looking data.
Flash Manufacturing PMI is a high-impact news event. If the reading comes higher than expected, the USD typically strengthens.
If it’s weaker, the USD may fall. During the release, volatility increases