US manufacturing PMI surges beyond expectations
US ISM manufacturing PMI surged to 58.8 in August from 56.3 in July, besting expectations of 56.5.
As of 03:17 GMT, the dollar index, tracking the greenback's
performance against a basket of six major rivals, rose to 92.86 from the
opening of 92.67, with an intraday high at 92.93, and a low at 92.10.
Additionally, US ISM manufacturing prices steadied at 62.0 unchanged, besting forecasts of 61.9.
UoM Consumer Sentiment survey falls more than expected
The University of Michigan released the second and final reading of
its US Consumer Sentiment survey, which showed a drop to 96.8 in August
from 97.6 in the preliminary survey, while analysts expected 97.4, and
compared to 93.1 in July.
As of 03:23 GMT, the dollar index, tracking the greenback's
performance against a basket of six major rivals, rose to 92.80 from the
opening of 92.67, with an intraday high at 92.93, and a low at 92.10.
In the same survey, the economic conditions index fell to 110.9 from
113.4 in the July's reading, while economic outlook rose to 87.7 from
80.5 in July.
Inflation expectations for one year steadied at 2.6%, while the five-year inflation outlook fell to 2.5% from 2.6% in July.
EIA: US natural gas inventories rise below expectations
The Energy Information Administration released its report on US
natural gas inventories, showing a buildup of 30 billion cubic feet in
the week ending August 25, adding to another buildup of 43B in the
previous reading, while analysts expected a 33B increase.
Total stocks have now risen to 3.155 trillion cubic feet from 3.125
trillion in the week ending August 18, which is below the total in the
same period of 2016 at 3.394 trillion, while above the five-year average
at 3.147 trillion.
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