"US Manufacturing Surges in March 2024, Dollar Strengthens"

The US March ISM manufacturing data came in at 50.3, surpassing the expected 48.4, with notable improvements in prices paid, employment, new orders, inventories, and production. The report reflects strong demand and a robust order pipeline, with some sectors anticipating growth in the second quarter despite supply chain challenges. The dollar strengthened in response to the positive report, and US 10-year yields also rose, indicating market optimism.