3:00 PM · 1 April 2024

BREAKING: Manufacturing ISM above 50 points. EURUSD falls to 1.075

ISM Manufacturing PMI 50.3 (Forecast 48.3, Previous 47.8)
ISM Prices Paid Subindex55.8 (Forecast 52.9, Previous 52.5)
ISM New Orders Subindex 51.4 (Forecast 49.8, Previous 49.2)
ISM Employment Subindex 47.4 (Previous 45.9)

Manufacturing ISM came back above 50 points, indicating economic expansion. The dollar strengthened after the report and EURUSD falls to the lowest since mid-February. In the comments to the report we can read that demand remains soft, but there is high optimism about future orders increase which should improve economic expansion in the Q2.

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