4:06 PM · 23 November 2021

USD muted after mixed PMI data

US Manufacturing PMI (flash) increased to 59.1 in November from 58.4 in October, slightly above analysts’ expectations of 59.0. The reading pointed to the continuing expansion in factory activity since February.

However US Services PMI (flash) dropped to 57.0 in November from 58.7 in the previous month, missing market consensus of 59.1. Figures pointed to a small deceleration of factory activity.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1250 level. Source: xStation5

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