The Euro traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Tuesday at 14:00 GMT. The EUR/USD exchange currency rate lost 5 pips or 0.05% after the release. The Euro continued trading at the 1.0870 level against the Greenback after the release.
The Institute for Supply Management released the US ISM Non-Manufacturing PMI survey results, which came out better-than-expected of 41.8 compared with the forecast of 37.5.
According to the official release: "According to the NMI, two non-manufacturing industries reported growth. The non-manufacturing sector composite index indicated contraction for the first time since December 2009, when the NMI was at 49.7 percent. Respondents are concerned about the continuing coronavirus impacts on the supply chain, operational capacity, human resources and finances, as well as the uncertain timelines for the resumption of business and a return to normality."
| Date | 07.01.20 | 05.02.20 | 04.03.20 | 03.04.20 | 05.05.20 |
|---|---|---|---|---|---|
| Actual | 55.0 | 55.5 | 57.3 | 52.5 | 41.8 |
| Forecast | 54.5 | 55.1 | 54.9 | 43.5 | 37.5 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.64664 | 0.64596 | -0.11% |
| EUR/USD | 1.08789 | 1.08746 | -0.04% |
| NZD/USD | 0.60699 | 0.60685 | -0.02% |
| USD/JPY | 106.589 | 106.621 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 40.8% | 59.2% |
| EUR/USD | 26.9% | 73.1% |
| NZD/USD | 63.7% | 36.4% |
| USD/JPY | 48.6% | 51.4% |
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