The European Single Currency depreciated against the US Dollar, following US ISM Non-Manufacturing PMI data release on Wednesday at 14:00 GMT. The EUR/USD exchange currency rate gained 6 pips or 0.06% during a minute, right after the release. In the next minutes the rate was trading at the 1.1540 level.
The Institute for Supply Management released the ISM Non-Manufacturing PMI data that came out better-than-expected of 61.6 , compare to forecasted 58.0.
Anthony Nieves, the ISM Chair says: "The non-manufacturing sector has had two consecutive months of strong growth since the 'cooling off' in July. Overall, respondents remain positive about business conditions and the current and future economy," . However, "concerns remain about capacity, logistics and the uncertainty with global trade."
| Historical Data Table: ISM Non-Manufacturing PMI | Economic Calendar for 05.10.2018 | ||||||||
| Date | 04.04.2018 | 03.05.2018 | 06.06.2018 | 06.09.2018 | 03.10.2018 | 1:30 AM | AUD Retail Sales m/m | ||
| Actual | 58.8 | 56.8 | 58.6 | 58.5 | 61.6 | 12:30 PM | CAD Employment Change | ||
| Forecast | 59 | 58.1 | 57.9 | 56.8 | 58 | 12:30 PM | US Average Hourly Earnings m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.71459 | 0.71451 | -0.01% | AUD/USD | 67.51% | 32.49% | |||
| EUR/USD | 1.1533 | 1.15383 | 0.05% | EUR/USD | 58.33% | 41.67% | |||
| USD/JPY | 113.891 | 113.929 | 0.03% | USD/JPY | 38.16% | 61.84% | |||
| NZD/USD | 0.65518 | 0.65495 | -0.04% | NZD/USD | 59.83% | 40.17% | |||