the US PMI for the August survey was released, and the service industry PMI dropped to 44.1 more than expected, prompting stronger dollar selling. The dollar/yen fell to the 136 yen level and the euro/dollar was bought back to the high $0.99 level.
Preliminary US PMI (August) 22:45
manufacturing industry
Result 51.3
Forecast 52.0 Last time 52.2
Non-manufacturing
Result 44.1
Forecast 50.1 Last time 47.3
Composite
Result 45.0
Forecast: N/A Last time: 47.7
In addition to this, the number of newly built houses sold in July has fallen, and the USD is selling strongly. I assumed that it would be easily swayed by economic indicators, so I switched to selling USD immediately and switched to buying GOLD earlier.
