BREAKING: ISM manufacturing lower than expected; ISM prices much lower 🔎

02:45 PM BST, United States - PMI Data for Jun:

• S&P Global US Manufacturing PMI: actual 51.6; forecast 51.7; previous 51.3;

03:00 PM BST, United States - ISM Data for Jun:

• ISM Manufacturing Prices: actual 52.1; forecast 55.8; previous 57.0;
• ISM Manufacturing PMI: actual 48.5; forecast 49.2; previous 48.7;
• ISM Manufacturing New Orders Index: actual 49.3; forecast 49.0; previous 45.4;
• ISM Manufacturing Employment: actual 49.3; forecast 50.0; previous 51.1;

Anti-dollar data. Weakness in the economy, compounded by lower price data and a return of the employment sub-index below 50 points. EURUSD rebounded sharply on the reading, but the move was largely neutralised. The ISM reading is in line with the trend of readings from Asia and Europe.