United States PMI Weak, EURUSD moving up

241109_gold_dollar_1 Monday, the United States PMI was released with it’s most negative deviation since August 2011.

The relatively low figure of 51.3 was 3.1 points below the expected 54.2. December was the last time the U.S. saw a figure this low for the PMI (Purchasing Mnager’s Index).

The Euro rose against the USD after the unexpectedly low U.S. manufacturing data.

The EUR/USD is currently at about 1.282.

Euro & U.S. Dollar news this week:

  • Wednesday will bring the ADP Non-Farm employment change and the ISM Non-Manufacturing PMI.
  • Thursday will be an even bigger day for the EURUSD holding the release of Spanish 10-y Bon Auctions, unemployment claims, and four different members of the United States Federal Reserve speaking.

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