3:03 PM · 1 February 2021

BREAKING: US ISM Manufacturing PMI below forecasts

The Institute for Supply Management's (ISM) Manufacturing PMI in January declined to 58.7 from 60.5 in the previous month. Today’s reading came in below market forecasts of 60.0 and pointed to the 8th consecutive month of expansion in factory activity.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2100 level. Source: xStation5

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