top of page

Dollar Up as investors digest surprise fall in U.S. Manufacturing data

  • Writer: analysiswatch
    analysiswatch
  • May 4, 2021
  • 1 min read

The greenback turned into up on Tuesday morning in Asia as a wonder slowdown in U.S. production increase trimmed Investor bets on a booming U.S. economic system giving the U.S. forex a boost.

  • The U.S. Dollar Index went up to 0.22% to 91.125

  • The USD/JPY pair turned up 0.21% to 109.28.

  • The AUD/USD pair went down 0.21% to 0.7744

  • The NZD/USD pair turned into down 0.33% to 0.7174.

  • The USD/CNY pair turned into consistent at 6.4735 at the same time as the GBP/USD pair turned into down 0.27% to 1.3872.

The U.S.’ Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI), launched on Monday, turned into a lower-than-predicted 60.7 for April. Shortages of primary substances and shipping snarls contributed to the drop, which toppled the greenback from a three-week excessive in opposition to the yen and a two-week excessive at the euro.

Investors are actually seeking to in addition statistics to be launched later the week which includes the U.S. alternate balance

 
 
 

Comments


2b94f773-a237-4da7-a599-6b42314ed9e6.png

Risk Disclosure: AnalysisWatch will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
AnalysisWatch would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore AnalysisWatch doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

bottom of page