BREAKING: US Manufacturing PMI in line with expectations

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US Manufacturing PMI (flash) decreased to 58.5 in February from 59.2 in January, in line with analysts’ expectations of 58.5. The reading pointed to the continuing expansion in factory activity since February 2020.

US Services PMI (flash) rose to 58.9 in February from 58.3 in the previous month, above market consensus of 57.6. The reading pointed to the strongest expansion since March 2015.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around the 1.2120 level. Source: xStation5

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