US: ISM Chicago PMI declines to 64.7 in September from 66.8 previous

• ISM Chicago PMI declined further in September and came in at 64.7.
• US Dollar Index remains on the defensive just below one-year tops.

The Chicago Purchasing Managers Index released by ISM-Chicago dropped to 64.7 in September from 66.8 in the previous month, indicating further deterioration in business conditions. This was worse than consensus estimates pointing to a reading of 65, though did little to provide any meaningful impetus.

Market reaction

The US Dollar extended its sideways consolidative price action below one-year tops, around mid-94.00s touched earlier this Thursday.