1:51 PM · 23 August 2021

BREAKING: USD sees little reaction to downbeat PMI data

The IHS Markit US Manufacturing PMI fell to 61.20 in August from 63.4 in July, a third straight month of decline from May's all-time high and below market forecasts of 62.5.

The IHS Markit US Services PMI fell to 55.2 in August from 59.9 in the previous month and below well above analysts’ estimates of 59.5. The reading pointed to the slowest growth in factory activity in 4 months although it remained a robust one.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1735 level. Source: xStation5

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