Story perspectives
US Dollar Dips as ISM PMI Falls; Yen Strengthens
1/6/2026
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Story summary
- The US Dollar gave up early gains after the ISM Manufacturing PMI fell to 47.9 in December.
- It supports expectations for two additional Federal Reserve rate cuts in 2026.
- The Japanese Yen strengthened as risk-off sentiment rose and domestic bond yields climbed.
- GBP/USD rose about 0.29% as the dollar weakened amid the ousting of Nicolas Maduro (Venezuelan President).
- Markets remain cautious ahead of upcoming US data.
