4:05 PM · 1 March 2022

BREAKING: US Manufacturing ISM above expectations

The ISM Manufacturing PMI for the US jumped to 58.6 in February from 57.6 in the previous month, and beating analysts’ expectations of 58.0 as COVID-19 infections subsided, though hiring at factories slowed, contributing to keeping supply chains snarled and prices for inputs high.

EURUSD saw a relatively small reaction to today’s data inflation release. The most popular currency pair continued to trade around 1.1150 level. Source: xStation5

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