Markit's report on the Manufacturing PMI for the Euro zone came in slightly weaker than anticipated in July and had a small impact on the EUR/USD exchange rate. As soon as the release was published, the 19-country currency strengthened against the Greenback by 0.03% to reach 1.6432. The survey showed that the Euro zone's index for manufacturing activity dipped to 56.8, falling short of expectations for 57.3 points. The modest fall in July's data indicated that the economic expansion in the Euro zone lost its momentum for the second straight month, but remained noticeable.
| Historical Data Table | |||||
| Date | 24.03.2017 | 21.04.2017 | 23.05.2017 | 23.06.2017 | 24.07.2017 |
| Actual | 56.2 | 56.8 | 57.0 | 57.4 | 56.8 |
| Forecast | 55.3 | 56..1 | 56.5 | 56.9 | 57.3 |
| Initial Reaction on Main Pairs | |||||
| Open Price | Close Price | % Change | |||
| EUR/USD | 1.16394 | 1.16432 | 0.03% | ||
| EUR/GBP | 0.89436 | 0.89459 | 0.03% | ||
| EUR/CHF | 1.10175 | 1.10193 | 0.02% | ||
| EUR/JPY | 128.995 | 129.02 | 0.02% | ||