The Greenback strengthened against the European single currency, following the US ISM Manufacturing PMI data release on Monday at 14:00 GMT. The EUR/USD currency pair lost six pips, or 0.05%, to continue fluctuating in the 1.1610 area.
The Institute for Supply Management released the monthly US Purchasing Managers’ Index data that came out better-than-expected of 60.2, and better from the previous period.
Nomura International Bank stands: “It appears that steady business expansion and elevated optimism persisted despite elevated trade concerns. Much of the upside surprise in the topline index in the June report, however, can be attributed to the suppliers delivery index.”
