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The Greenback weakened against the Eurozone's single currency, following US ISM Non-Manufacturing PMI data release on Thursday. The EUR/USD currency pair gained only two pips, or 0.02%, however reversed later on and continued to go downwards, thus strengthening US dollar.
The Institute for Supply Management released lower-than-expected Non-Manufacturing Purchasing Managers' Index data of 56.8 for the month of April.
"The trade tensions are impacting purchasing of steel and are causing suppliers to send letters of concern," a respondent from the construction industry said.
| Historical Data Table: US ISM Non-Manufacturing PMI | Economic Calendar for 04.05.2018 | ||||||||
| Date | 05.01.2018 | 05.02.2018 | 06.03.2018 | 04.04.2018 | 03.05.2018 | 12:30 PM | US Average Hourly Earnings | ||
| Actual | 55.9 | 59.9 | 59.5 | 58.8 | 56.8 | 12:30 PM | US Non-Farm Empl. Change | ||
| Forecast | 57.6 | 56.5 | 58.9 | 59 | 58.1 | 12:30 PM | US Unemployment Rate | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.75231 | 0.75244 | 0.02% | AUD/USD | 71.85% | 28.15% | |||
| EUR/USD | 1.19728 | 1.19752 | 0.02% | EUR/USD | 66.08% | 33.92% | |||
| USD/JPY | 109.36 | 109.333 | -0.02% | USD/JPY | 53.51% | 46.49% | |||
| NZD/USD | 0.70379 | 0.70398 | 0.03% | NZD/USD | 52.43% | 47.57% | |||