The Greenback weakened against the Eurozone’s single currency, following US ISM Non-Manufacturing PMI data release on Thursday. The EUR/USD currency pair gained only two pips, or 0.02%, however reversed later on and continued to go downwards, thus strengthening US dollar.
The Institute for Supply Management released lower-than-expected Non-Manufacturing Purchasing Managers’ Index data of 56.8 for the month of April.
“The trade tensions are impacting purchasing of steel and are causing suppliers to send letters of concern,” a respondent from the construction industry said.
