The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI data release on Wednesday at 14:00 GMT. The EUR/USD exchange currency rate gained 11 pips or 0.09% right after the release. The Euro continued trading at the 1.1240 level against the US Dollar.
Institute for Supply Management released the US ISM Manufacturing PMI data that came out worse-than-expected of 52.8 compared with forecast 55.0.
According to the chair of the Institute for Supply Management, Timothy R. Fiore: "This indicates growth in manufacturing for the 32nd consecutive month. The PMI reversed a March expansion improvement, thanks to decreases in new orders, production expansion and employment. The PMI achieved its lowest level of expansion since October 2016, when the index registered 51.7 percent."
| Date | 03.01.19 | 01.02.19 | 01.03.19 | 01.04.19 | 01.05.19 |
|---|---|---|---|---|---|
| Actual | 54.1 | 56.6 | 54.2 | 55.3 | 52.8 |
| Forecast | 57.7 | 54.1 | 55.6 | 54.4 | 55.0 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.70377 | 0.70418 | 0.06% |
| EUR/USD | 1.12288 | 1.12381 | 0.08% |
| NZD/USD | 0.66464 | 0.66545 | 0.12% |
| USD/JPY | 111.364 | 111.21 | -0.14% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 70.7% | 29.3% |
| EUR/USD | 31.0% | 69.0% |
| NZD/USD | 66.1% | 34.0% |
| USD/JPY | 43.1% | 56.9% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 7:55 | EUR | German Final Manufacturing PMI | 44.5 | 44.5 |
| 11:00 | GBP | Official Bank Rate | 0.75% | 0.75% |
| Tentative | Treasury Currency Report | Federal Funds Rate | - | - |