The Euro traded sideways against the US Dollar, following the US ISM Manufacturing PMI survey results release on Friday at 14:00 GMT. The EUR/USD exchange currency rate gained 4 pips or 0.03% after the release. The Euro continued trading at the 1.0980 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 41.5 compared with the forecast of 36.7.
According to the official release: "Comments from the panel were strongly negative (three negative comments for every one positive comment) regarding the near-term outlook, with sentiment clearly impacted by the coronavirus (COVID-19) pandemic and continuing energy market recession. The PMI indicates a level of manufacturing-sector contraction not seen since April 2009, with a strongly negative trajectory."
| Date | 03.01.20 | 03.02.20 | 02.03.20 | 01.04.20 | 01.05.20 |
|---|---|---|---|---|---|
| Actual | 47.2 | 50.9 | 50.1 | 49.1 | 41.5 |
| Forecast | 49.0 | 48.5 | 50.5 | 44.9 | 36.7 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.64398 | 0.64412 | 0.02% |
| EUR/USD | 1.09757 | 1.09794 | 0.03% |
| NZD/USD | 0.60667 | 0.60653 | -0.02% |
| USD/JPY | 106.9 | 106.9 | 0.00% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 43.4% | 56.6% |
| EUR/USD | 27.1% | 72.9% |
| NZD/USD | 64.8% | 35.2% |
| USD/JPY | 47.9% | 52.2% |
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