The European Common Currency appreciated against the US Dollar, following the US ISM Non-Manufacturing PMI survey data release on Thursday at 14:00 GMT. The EUR/USD exchange currency rate gained 26 pips or 0.24% right after the release. The Euro continued trading at the 1.0990 level against the Greenback.
The Institute for Supply Management released the US ISM Non-Manufacturing PMI survey data results, which came out worse-than-expected of 52.6 compared to the forecast of 55.1.
The Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee Anthony Nieves commented: “The non-manufacturing sector pulled back after reflecting strong growth in August. The respondents are mostly concerned about tariffs, labor resources and the direction of the economy.”
