HomeContributorsFundamental AnalysisEUR/USD: US ISM Non-Manufacturing PMI

EUR/USD: US ISM Non-Manufacturing PMI

The EUR/USD currency pair was not strongly exposed to the influence of fundamentals on Monday. The Greenback strengthened against the European single currency eight base points, or 0.07%, reaching the 1.2315 level, to continue fluctuating and making the pair go back up and reach new intraday’s highs.

The US economy kept expanding in February, data showed on Monday. The ISM revealed that its non-manufacturing PMI stepped lower to 59.5 points in the reported month, compared to 59.9 in January. Growth for the 103rd consecutive month, with 62.8% in February, was reflected by the non-manufacturing business activity index, showing 3% increase from the prior month.

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