U.S. Dollar Reaches New Highs Amid ISM Manufacturing PMI Surpassing 50

Monday, 1 April 2024, 17:40

The U.S. Dollar saw a surge in value as major currency pairs, including EUR/USD, GBP/USD, USD/CAD, and USD/JPY, face new forecasts amidst the ISM Manufacturing PMI exceeding the 50 mark. This significant uptrend indicates a strengthening of the U.S. currency against peer currencies which could impact global forex trading activities.
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U.S. Dollar Reaches New Highs Amid ISM Manufacturing PMI Surpassing 50

U.S. Dollar Strengthens

The U.S. Dollar tested new highs against major currency pairs such as EUR/USD, GBP/USD, USD/CAD, and USD/JPY,

ISM Manufacturing PMI Climbs Above 50

The ISM Manufacturing PMI surpassing the threshold of 50 signifies a positive trend in the manufacturing sector, boosting the U.S. Dollar's position in the market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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