Free Trial

USD Ebbing Lower Following Soft ISM Manufacturing Data

FOREX
  • Greenback edging lower over the past 40 mins or so, responding to the lower-than-forecast ISM Manufacturing release and, in particular, the slip in the prices paid subcomponent.
  • EUR/USD climbing back through the 1.13 handle, coinciding with an ebb in equities after the opening bell, with the e-mini S&P back to sub-4800 levels.
  • Downtick in the USD is putting GBP/USD at fresh highs, with the pair narrowing the gap with the 100-dma at 1.3560 as the uptrend resumes. 1.3578 marks the 61.8% of the Oct - Dec sell-off.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.