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BREAKING: USD strengthens after JOLTs and ISM data

4:05 PM 1 February 2022

The ISM Manufacturing PMI for the US fell to 57.6 in January from 58.8 in the previous month, beating analysts’ expectations of 57.5. 

The number of job openings in the United States in/decreased to 10.925 million in December from 10.562 million in the previous month and above market expectations of 10.3 million.

Earlier, IHS Markit US Manufacturing PMI was revised higher to 55.5 in January of 2022 from a preliminary of 55, but continued to point to the weakest rise in factory activity since October of 2020, as output growth was muted.

EURUSD broke below major support at 1.1260 after release of today’s data. Source:xStation5  

 

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