2:47 PM · 24 January 2024

BREAKING: US PMI data stronger than expected 🔔

02:45 PM GMT, United States - PMI Data for January:

S&P Global Composite PMI: actual 52.3; previous 50.9;
S&P Global US Manufacturing PMI: actual 50.3; forecast 47.9; previous 47.9;
S&P Global Services PMI: actual 52.9; forecast 51.0; previous 51.4;

EURUSD is erasing some of the gains from the first part of the day after strong PMI data. However, a short while after the publication, the exchange rate resumed its upward movement.

Source: xStation 5

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