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The Greenback weakened against the Eurozone's single currency, following the US ISM Manufacturing PMI data release on Friday. The EUR/USD currency pair gained only one pip, or 0.01%, to continue fluctuating in the 1.1665 area.
The Institute for Supply Management released Purchasing Managers Index data that came out better-than-expected of 58.7, compared to the 57.3 in the previous period.
"The upturn has stretched supply chains to the extent that May saw the greatest lengthening of delivery times in the near-ten year history of the survey," said Chris Williamson, Chief Business Economist at IHS Markit.
| Historical Data Table: US ISM Manufacturing PMI | Economic Calendar for 01.05.2018 | ||||||||
| Date | 01.02.2018 | 01.03.2018 | 02.04.2018 | 01.05.2018 | 01.06.2018 | 2:00 PM | US ISM Manufacturing PMI | ||
| Actual | 59.1 | 60.8 | 59.3 | 57.3 | 58.7 | 2:00 PM | US Construction Spending | ||
| Forecast | 58.7 | 58.7 | 60.1 | 58.4 | 58.3 | 2:00 PM | US ISM Manufacturing Prices | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.75401 | 0.75424 | 0.03% | AUD/USD | 68.77% | 31.23% | |||
| EUR/USD | 1.16707 | 1.16721 | 0.01% | EUR/USD | 61.53% | 38.47% | |||
| USD/JPY | 109.725 | 109.687 | -0.03% | USD/JPY | 53.05% | 46.95% | |||
| NZD/USD | 0.6966 | 0.69673 | 0.02% | NZD/USD | 55.30% | 44.70% | |||