Forex news for US trading on August 1, 2016
The USD rebounded modestly today after last Friday’s GDP induces fall (GDP came in much weaker than expectations at 1.2% vs estimates of 2.5%). Today on the economic front in the US the Markit Manufacturing PMI came in as expected at 59.2, but Construction spending fell -0.6% (vs +0.5% estimate). The ISM manufacturing came in at 52.6 vs 53.0 estimate with employment slipping back below the 50.0 level (49.4 vs 50.3 last month). The market for the most part – ignored the data. It was a quiet day.
Forexlive Americas FX news wrap: Dollar rebounds a little despite weaker ISM data
