The Euro traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Wednesday at 14:00 GMT. The EUR/USD exchange currency rate gained 9 pips or 0.08% after the release. The Euro continued trading at the 1.1230 level against the Greenback after the release.
The Institute for Supply Management released the US ISM Non-Manufacturing PMI survey results, which came out better-than-expected of 45.4 compared with the forecast of 44.2.
According to the official release: "According to the NMI, four non-manufacturing industries reported growth. The non-manufacturing composite index indicated contraction for a second consecutive time. The sector's previous period of contraction was for two months in 2009: November (with an NMI of 49.5 percent) and December (49.7 percent). Respondents remain concerned about the ongoing impact of the coronavirus. Additionally, many of the respondents' respective companies are hoping and/or planning for a resumption of business."
| Date | 05.02.20 | 04.03.20 | 03.04.20 | 05.05.20 | 03.06.20 |
|---|---|---|---|---|---|
| Actual | 55.5 | 57.3 | 52.5 | 41.8 | 45.4 |
| Forecast | 55.1 | 54.9 | 43.5 | 37.5 | 44.2 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.69033 | 0.69121 | 0.13% |
| EUR/USD | 1.12159 | 1.12207 | 0.04% |
| NZD/USD | 0.64092 | 0.64124 | 0.05% |
| USD/JPY | 108.685 | 108.728 | 0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 30.4% | 69.6% |
| EUR/USD | 29.6% | 70.4% |
| NZD/USD | 27.8% | 72.2% |
| USD/JPY | 48.5% | 51.5% |
Economic calendar