EUR/USD: US ISM Manufacturing PMI

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI data release on Tuesday at 14:00 GMT. The EUR/USD exchange currency rate gained 20 pips or 0.18% right after the release. The Euro continued trading at the 1.0970 level against the Greenback.

Institute for Supply Management released the US ISM Manufacturing PMI data, which came out worse-than-expected of 49.1 compared to the expectations of 51.2.

 Timothy R. Fiore, Chair of the Institute for Supply Management Manufacturing Business Survey Committee said: "Respondents expressed slightly more concern about U.S.-China trade turbulence, but trade remains the most significant issue, indicated by the strong contraction in new export orders. Respondents continued to note supply chain adjustments as a result of moving manufacturing from China. Overall, sentiment this month declined and reached its lowest level in 2019."


Historical Data: US ISM Manufacturing PMI
Date01.04.1901.05.1903.06.1901.08.1903.09.19
Actual55.352.852.151.249.1
Forecast54.455.053.052.051.2
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/USD0.673830.674610.12%
EUR/USD1.094821.09650.15%
NZD/USD0.629710.630440.12%
USD/JPY106.272105.948-0.30%
Sep 3, 2019 Open Positions
PairLongsShorts
AUD/USD70.6%29.4%
EUR/USD42.5%57.5%
NZD/USD71.4%28.6%
USD/JPY63.7%36.3%
Economic Calendar for Sep 4, 2019
GMTCurrencyEventForecastPrevious
12:30CADTrade Balance0.2B0.1B
13:15GBPInflation Report Hearings--
14:00CADOvernight Rate1.75%1.75%

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