EUR/USD: US ISM Manufacturing PMI

The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI data release on Thursday at 14:00 GMT. The EUR/USD exchange currency rate gained 12 pips or 0.10% right after the release. The Euro continued trading at the 1.1055 level against the Greenback.

Institute for Suppy Management released the US ISM Manufacturing PMI data, which came out worse-than-expected of 51.2 compared with the forecast of 52.0.

Timothy R. Fiore, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee commented: "The July PMI registered 51.2 percent, a decrease of 0.5 percentage point from the June reading of 51.7 percent. Respondents expressed less concern about U.S.-China trade turbulence, but trade remains a significant issue. More respondents noted supply chain adjustments as a result of moving manufacturing from China. Overall, sentiment this month is evenly mixed."