France S&P Global Manufacturing PMI comes in at 51.1 against 51.5 consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
The France S&P Global Manufacturing PMI was released at 51.1, falling short of the consensus estimate of 51.5. This figure also represents a decline from the previous reading of 51.5. The actual print came in 0.8% below the market’s expectation.
Following the release, the euro showed a mixed and generally limited reaction across major pairs. Fifteen minutes after the data, EURAUD was up 2.2 pips, and EURNZD was up 2.2 pips. Other pairs saw slight declines, with EURCAD down 0.2 pips, EURCHF down 0.1 pips, EURGBP down 0.4 pips, EURJPY down 0.7 pips, and EURUSD down 1.9 pips. These initial movements are small when compared to the typical median 1-hour moves observed after past releases, which include 14 pips for EURAUD, 11 pips for EURCAD, 8 pips for EURCHF, 8 pips for EURGBP, 15 pips for EURJPY, 17 pips for EURNZD, and 9 pips for EURUSD.