BREAKING: US Manufacturing and Services PMI above expectations

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US Manufacturing PMI (flash) increased to 60.6 in April from 59.1 in March, above analysts’ expectations of 60.5. The reading pointed to the continuing expansion in factory activity since February 2020.

US Services PMI (flash) rose to 63.1 in April from 60.4 in the previous month, above market consensus of 61.7. The latest reading pointed to the sixth consecutive expansion in the services sector.

EURUSD saw a relatively small reaction to today’s data release. The most popular currency pair continued to trade around 1.2065 level. Source: xStation5

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