The Euro traded sideways against the US Dollar, following the US ISM Manufacturing PMI survey results release on Monday at 14:00 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.04% after the release. The Euro continued trading at the 1.1125 level against the Greenback after the release.
The Institute for Supply Management released the US ISM Manufacturing PMI survey results data, which came out worse-than-expected of 43.1 compared with the forecast of 43.5.
According to the official release: "Three months into the manufacturing disruption caused by the coronavirus (COVID-19) pandemic, comments from the panel were cautious (two cautious comments for every one optimistic comment) regarding the near-term outlook. As was the case in April, the PMI indicates a level of manufacturing-sector contraction not seen since April 2009; however, the trajectory improved."
| Date | 03.02.20 | 02.03.20 | 01.04.20 | 01.05.20 | 01.06.20 |
|---|---|---|---|---|---|
| Actual | 50.9 | 50.1 | 49.1 | 41.5 | 43.1 |
| Forecast | 48.5 | 50.5 | 44.9 | 36.7 | 43.5 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.67387 | 0.67433 | 0.07% |
| EUR/USD | 1.11259 | 1.11216 | -0.04% |
| NZD/USD | 0.62494 | 0.62544 | 0.08% |
| USD/JPY | 107.667 | 107.68 | 0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 25.6% | 74.4% |
| EUR/USD | 29.0% | 71.0% |
| NZD/USD | 44.6% | 55.4% |
| USD/JPY | 35.5% | 64.5% |
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