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May 01, 2023EUR/USD slides down from 1.1018 to 1.0969 today, losing 49 pips (0.45%).
Euro-Dollar is currently trading at 1.0969 following the release of ISM Manufacturing PMI (Apr) data from the United States.
While price action maintains a negative bias, United States ISM Manufacturing PMI (Apr) came out at 47.1, while a consensus of analysts was expecting 46.8. United States ISM Manufacturing Prices (Apr) released today at 14:00 UTC with a figure of 53.2, while the previous figure was 49.2. United States ISM Manufacturing Employment (Apr) came out at 50.2.
In the meantime, negative performances are seen in other pairs, GBP/CAD closed at 1.6907 (down 0.69%). GBP/USD is down to 1.2483, losing 83 pips, after closing at 1.2567 in the preceding trading session.
Though Euro-Dollar has been dropping, other pairs have been performing better: USD/JPY is up 0.88%.
Furthermore, Euro Zone Consumer Price Index figure is projected at 7%. It previously stood at 6.9%; data will be released tomorrow at 09:00 UTC. Italy Consumer Price Index figure is projected at 0.3%. It previously stood at -0.4%; data will be released tomorrow at 09:00 UTC. Germany Retail Sales is projected to outperform its last figure with 0.4%, having previously been at -1.3%. The figure will be published tomorrow at 06:00 UTC.
The currency pair has been trending positively for about a month. The Euro is now trading 14.81% away from its significant low of 0.9596 first tested 7 months ago.
