ISM Manufacturing Prices Paid comes in at 71.1 against 63.5 consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The ISM Manufacturing Prices Paid index for August was released at 71.1, exceeding the consensus estimate of 63.5. This figure represents a 12.0% surprise against the consensus. The actual print matched the previous month’s value of 71.1.
Following the release, market reactions were observed. Fifteen minutes after the data, AUDUSD was up 1.4 pips, EURUSD was up 5.2 pips, and GBPUSD was up 5.9 pips. NZDUSD gained 2.2 pips, while USDCAD moved down 2.7 pips. USDCHF was up 0.3 pips, and USDJPY moved down 4.4 pips. XAUUSD was up 2.2 pips. These initial moves are generally small when compared to the median 1-hour moves typically seen after past releases, such as 11 pips for AUDUSD, 12 pips for EURUSD, 16 pips for GBPUSD, 8 pips for NZDUSD, 11 pips for USDCAD, 11 pips for USDCHF, 14 pips for USDJPY, and 36 pips for XAUUSD.