The Euro traded sideways 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 gained 8 pips or 0.07% after the release. The Euro continued trading at the 1.1130 level against the Greenback after the release.
The Institute for Supply Management (ISM) released the US ISM Manufacturing PMI survey results, which came out worse-than-expected of 50.1 compared with the forecast of 50.5.
Timothy R. Fiore, the Chair of the Institute for the ISM Manufacturing Business Survey Committee commented: "Global supply chains are impacting most, if not all, of the manufacturing industry sectors. Among the six big industry sectors, Food, Beverage & Tobacco Products remains the strongest, followed by Computer & Electronic Products. Petroleum & Coal Products is the weakest. Overall, sentiment this month is marginally positive regarding near-term growth."
| Date | 01.11.19 | 02.12.19 | 03.01.20 | 03.02.20 | 02.03.20 |
|---|---|---|---|---|---|
| Actual | 48.3 | 48.1 | 47.2 | 50.9 | 50.1 |
| Forecast | 49.0 | 49.2 | 49.0 | 48.5 | 50.5 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.65432 | 0.65486 | 0.08% |
| EUR/USD | 1.11258 | 1.11322 | 0.06% |
| NZD/USD | 0.62723 | 0.62765 | 0.07% |
| USD/JPY | 107.57 | 107.512 | -0.05% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 71.0% | 29.0% |
| EUR/USD | 35.2% | 64.8% |
| NZD/USD | 72.4% | 27.7% |
| USD/JPY | 48.5% | 51.5% |
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