BREAKING: USD sees little reaction to mixed US PMI reports

1:49 PM 22 April 2022

US Manufacturing PMI increased to 59.7 in April from 58.8 in March, easily beating forecasts of 58.1, preliminary estimates showed.

US Services PMI fell to 54.7 in April from 58.8 in the previous month and well below market consensus of 58.0, a preliminary estimate showed.

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EURUSD saw relatively small reaction to today’s data release. The most popular currency pair continued to trade around 1.0810 level. Source: xStation5

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