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BREAKING: USD strengthens after weak ISM Manufacturing PMI report

3:04 PM 1 July 2022

The ISM Manufacturing PMI for the US  fell to 53.00 in June from 56.1 in the previous month,  below analysts’ expectations of 54.9. 

Prices paid 78.5 vs. 81.0 estimate. Last month 82.2

Employment 47.30 vs. 50.9 last month

New orders  49.20 vs. 55.1 last month

EURUSD is trading lower today and today’s data provided more fuel for bears. The main currency pair broke below support zone in the 1.0400 area. Source: xStation

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