The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI survey results release on Monday at 15:00 GMT. The EUR/USD exchange currency rate lost 11 pips or 0.10% after the release. The Euro continued trading at the 1.1045 level against the Greenback after the release.
The Institute for Supply Management (ISM) released the US ISM Manufacturing PMI survey results data, which came out better-than-expected of 50.9 compared with the forecast of 48.5.
Timothy R. Fiore, the Chair of the ISM Manufacturing Business Survey Committee commented on the data: "Global trade remains a cross-industry issue, but many respondents were positive for the first time in several months. Among the six big industry sectors, Food, Beverage & Tobacco Products remains the strongest, followed closely by Computer & Electronic Products. Petroleum & Coal Products is the weakest. Overall, sentiment this month is moderately positive regarding near-term growth."
| Date | 01.10.19 | 01.11.19 | 02.12.19 | 03.01.20 | 03.02.20 |
|---|---|---|---|---|---|
| Actual | 47.8 | 48.3 | 48.1 | 47.2 | 50.9 |
| Forecast | 50.4 | 49.0 | 49.2 | 49.0 | 48.5 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.67027 | 0.67032 | 0.01% |
| EUR/USD | 1.10471 | 1.10437 | -0.03% |
| NZD/USD | 0.64706 | 0.64718 | 0.02% |
| USD/JPY | 108.629 | 108.744 | 0.11% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 74.9% | 25.1% |
| EUR/USD | 39.9% | 60.1% |
| NZD/USD | 66.4% | 33.6% |
| USD/JPY | 34.7% | 65.3% |
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