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Indonesia News Portal for Traders | Financial & Business Updates

2 February 2026 22:19  |

Strong ISM, Dollar & Yields Slightly Higher

The US dollar and US bond yields strengthened slightly on Monday (February 2nd) after the January ISM Manufacturing data came in well above estimates. The headline ISM index jumped to 52.6 (from 47.9), signaling a rebound in manufacturing expansion and prompting the market to slightly reduce expectations for a quick easing.

More specifically, the Prices Paid component registered 59 (a four-month high) — still hot, but not "worse than the market fears" as the primary focus remains on the surge in activity.

Market response: The 10-year US yield hovered around 4.25%, while the Dollar Index held steady around 97. In major FX markets, the euro and pound held relatively steady around EUR/USD 1.185 and GBP/USD 1.379, respectively, while the yen weakened around USD/JPY 155.

Source: Newsmaker.id

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