The Euro depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Wednesday at 15:00 GMT. The EUR/USD exchange currency rate lost 21 pips or 0.19% after the release. The Euro continued trading at the 1.1110 level against the Greenback after the release.
The Institute for Supply Management (ISM) released the US ISM Non-Manufacturing PMI survey results, which came out better-than-expected of 57.3 compared with the forecast of 54.9.
Anthony Nieves, Chair of the Institute for ISM Non-Manufacturing Business Survey Committee: "According to the NMI, 16 non-manufacturing industries reported growth. The non-manufacturing sector reflected continued growth in February. Most respondents are concerned about the coronavirus and its supply chain impact. They also continue to have difficulty with labor resources. They do remain positive about business conditions and the overall economy."
| Date | 05.11.19 | 04.12.19 | 07.01.20 | 05.02.20 | 04.03.20 |
|---|---|---|---|---|---|
| Actual | 54.7 | 53.9 | 55.0 | 55.5 | 57.3 |
| Forecast | 53.5 | 54.5 | 54.5 | 55.1 | 54.9 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.66138 | 0.66129 | -0.01% |
| EUR/USD | 1.11188 | 1.11021 | -0.15% |
| NZD/USD | 0.62899 | 0.62838 | -0.10% |
| USD/JPY | 107.179 | 107.284 | 0.10% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 71.7% | 28.4% |
| EUR/USD | 27.7% | 72.3% |
| NZD/USD | 70.4% | 29.6% |
| USD/JPY | 62.4% | 37.6% |
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