The Euro appreciated against the US Dollar, following the US ISM Manufacturing PMI survey results data release on Wednesday at 14:00 GMT. The EUR/USD exchange currency rate gained 11 pips or 0.10% after the release. The Euro continued trading at the 1.1260 level against the Greenback after the release.
The institute for Supply Management released the US ISM Manufacturing PMI survey results, which came out better-than-expected of 52.6 compared with the forecast of 49.5.
According to the official release: "June signifies manufacturing entering an expected expansion cycle after the disruption caused by the coronavirus (COVID-19) pandemic. Comments from the panel were positive (1.3 positive comments for every one cautious comment), reversing the cautious trend which began in March. The manufacturing sector is reversing the heavy contraction of April, with the PMI increasing month-over-month at a rate not seen since August 1980, with several other indexes also posting gains not seen in modern times."
| Date | 02.03.20 | 01.04.20 | 01.05.20 | 01.06.20 | 01.07.20 |
|---|---|---|---|---|---|
| Actual | 50.1 | 49.1 | 41.5 | 43.1 | 52.6 |
| Forecast | 50.5 | 44.9 | 36.7 | 43.5 | 49.5 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.6922 | 0.69332 | 0.16% |
| EUR/USD | 1.12394 | 1.12537 | 0.13% |
| NZD/USD | 0.64735 | 0.64787 | 0.08% |
| USD/JPY | 107.563 | 107.474 | -0.08% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 34.3% | 65.7% |
| EUR/USD | 42.6% | 57.5% |
| NZD/USD | 42.4% | 57.6% |
| USD/JPY | 45.5% | 54.6% |
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