The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI data release on Tuesday at 14:00 GMT. The EUR/USD exchange currency rate gained 20 pips or 0.18% right after the release. The Euro continued trading at the 1.0970 level against the Greenback.
Institute for Supply Management released the US ISM Manufacturing PMI data, which came out worse-than-expected of 49.1 compared to the expectations of 51.2.
Timothy R. Fiore, Chair of the Institute for Supply Management Manufacturing Business Survey Committee said: "Respondents expressed slightly more concern about U.S.-China trade turbulence, but trade remains the most significant issue, indicated by the strong contraction in new export orders. Respondents continued to note supply chain adjustments as a result of moving manufacturing from China. Overall, sentiment this month declined and reached its lowest level in 2019."
| Date | 01.04.19 | 01.05.19 | 03.06.19 | 01.08.19 | 03.09.19 |
|---|---|---|---|---|---|
| Actual | 55.3 | 52.8 | 52.1 | 51.2 | 49.1 |
| Forecast | 54.4 | 55.0 | 53.0 | 52.0 | 51.2 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.67383 | 0.67461 | 0.12% |
| EUR/USD | 1.09482 | 1.0965 | 0.15% |
| NZD/USD | 0.62971 | 0.63044 | 0.12% |
| USD/JPY | 106.272 | 105.948 | -0.30% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 70.6% | 29.4% |
| EUR/USD | 42.5% | 57.5% |
| NZD/USD | 71.4% | 28.6% |
| USD/JPY | 63.7% | 36.3% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 12:30 | CAD | Trade Balance | 0.2B | 0.1B |
| 13:15 | GBP | Inflation Report Hearings | - | - |
| 14:00 | CAD | Overnight Rate | 1.75% | 1.75% |