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BREAKING: USD muted after weak US flash PMI data

3:49 PM 24 January 2022

The IHS Markit Manufacturing PMI for the US fell to 55.00 in January from 57.7 in December, below market forecasts of 56.8, preliminary estimates showed. The reading pointed to the slowest growth in factory activity in a year. 

The IHS Markit US Services PMI  declined to 50.90  in January from 57.6 in the previous month and well below analysts' expectations of 55.0, a preliminary estimate showed. 

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade slightly below 1.1300 level. Source: xStation5

 

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