Highlights of the ISM non-manufacturing index for Dec:
- Lowest since June
- Prior reading was 53.9
- New orders 49.4 vs 56.4 prior
- Employment 55.8 vs 52.5 prior
- Prices paid 55.1 vs 52.2 prior
New orders in negative territory for the first time since July 2009.
ISM non manufacturing index
This is not a pretty report. The US dollar is broadly, albeit not substantially, lower. I think the dollar could fall further as some of the 2014 optimism comes out of the market.
