
US Dollar Surges Ahead: Traders Eye PMI Data for Potential Impact on EUR/USD, GBP/USD, USD/CAD, and USD/JPY
The Composite PMI Report: A Soft Landing for the American Dollar The recent Composite Purchasing Managers’ Index (PMI) report for the United States, released by the Institute for Supply Management (ISM), showed a weaker-than-expected reading for March. Despite this, the American currency held its ground against major rivals, defying the initial market expectations of a…