ISM Non-Manufacturing PMI comes in at 55.4 against 53.8 consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The ISM Non-Manufacturing PMI for the United States was released at 55.4, exceeding the consensus expectation of 53.8. This figure also represents an increase from the previous month’s reading of 54.1. The actual print came in 3.0% higher than the consensus forecast.
Following the release, the US Dollar showed a mixed reaction against major currencies over the initial 15 minutes. USDCHF gained 6.5 pips, while USDJPY saw a minimal gain of 0.1 pips. USDCAD moved lower by 2.3 pips. Against the USD, AUDUSD declined by 3.8 pips, EURUSD by 2.0 pips, GBPUSD by 2.0 pips, and NZDUSD by 1.1 pips. Gold, XAUUSD, moved lower by 26 pips. These initial movements are generally smaller than the median 1-hour moves observed after past ISM Non-Manufacturing PMI releases. For example, EURUSD typically sees a median 1-hour move of 14 pips, and XAUUSD a median 1-hour move of 33 pips.