US troubles are not over in Q1 and they get well into Q2. The ISM Manufacturing PMI remains at 51.5 points, reflecting very slow growth. This is the lowest number since May 2013 – almost two years. The employment component is in contraction zone: below 50 points at 48.3 – an ominous sign towards the NFP.
The USD is down in the initial reaction. Update: EUR/USD is actually sliding as time passes by. -The greenback is gaining ground also against other currencies.
Read the rest of the article ISM Manufacturing PMI misses at 51.5 – USD actually rises