ISM Non-Manufacturing PMI comes in at 54.9 against 54.7 consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The ISM Non-Manufacturing PMI for October 2026 printed at 54.9, slightly exceeding the consensus expectation of 54.7. This figure represents a minor increase of 0.4% compared to the consensus. The previous month’s reading was 55.4.
Following the release, market reactions across major USD pairs were observed. Fifteen minutes after the data, AUDUSD was up 4.6 pips, EURUSD was up 2.7 pips, and GBPUSD was up 9.0 pips. NZDUSD showed a gain of 0.3 pips. USDCAD moved down 2.3 pips, USDCHF was up 1.4 pips, and USDJPY was down 5.4 pips. Gold, XAUUSD, traded up 64 pips. For most pairs, these initial moves were relatively small when compared to their historical median 1-hour movements, which typically range from 10 to 18 pips for the currency pairs. XAUUSD’s move of 64 pips was closer to its top-quarter historical moves, which are 71 pips or more.