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The Greenback strengthened against the European single currency, following the US ISM manufacturing PMI data release on Monday. The EUR/USD currency pair lost only six pips, or 0.05%, to continue going back up to the 1.2327 level.
The Institute for Supply Management revealed the decrease in purchasing managers index of 59.3 in March, compared to 60.8 in the previous period. However, there was a decrease, the data was still positive by being above 50 and caused US dollar to strengthen. The EUR/USD pair stepped lower just a little bit, which can be explained by the fact that there is still a holiday today and the volume is not as usual, which most probably eliminated more significant fluctuations.
| Historical Data Table: US ISM Manufacturing PMI | Economic Calendar for 03.04.2018 | ||||||||
| Date | 01.12.2017 | 03.01.2018 | 01.02.2018 | 01.03.2018 | 02.04.2018 | 4:30 AM | AUD Cash Rate | ||
| Actual | 58.2 | 59.7 | 59.1 | 60.8 | 59.3 | 4:30 AM | AUD RBA Rate Statement | ||
| Forecast | 58.4 | 58.1 | 58.7 | 58.7 | 60.1 | 8:30 AM | UK Manufacturing PMI | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.76687 | 0.76619 | -0.09% | AUD/USD | 61.90% | 38.10% | |||
| EUR/USD | 1.23223 | 1.23165 | -0.05% | EUR/USD | 47.78% | 52.22% | |||
| USD/JPY | 106.362 | 106.372 | 0.01% | USD/JPY | 69.63% | 30.37% | |||
| NZD/USD | 0.72258 | 0.72216 | -0.06% | NZD/USD | 40.97% | 59.03% | |||