Will the U.S. dollar see significant movement following the release of the U.S. ISM data? All eyes are on the situation.

Will the U.S. dollar see significant movement following the release of the U.S. ISM data? All eyes are on the situation.

01.03.2023

In yesterday’s U.S. currency trading, the dollar weakened after the Richmond Fed’s February Manufacturing Index, released yesterday, came in at -16—significantly below the market forecast of -5. The USD/JPY pair fell by approximately 120 pips from 136.911 to 135.715, marking a pullback following a new high for the year.With the release of the ISM Manufacturing Index scheduled for today (U.S. time), we will be closely monitoring whether the market reacts significantly depending on the ISM results.

European currencies weakened, with the Swiss franc emerging as the weakest, after fourth-quarter real GDP growth figures released yesterday came in below both market expectations and the previous reading.The USD/CHF pair rose by just under 100 pips, from 1.3559 to 1.3658. It is now just about 130 pips away from reaching this year’s high. However, since a range resistance zone lies at a level approximately 130 pips above the current price, we should watch to see if the price consolidates for a while after the rally.

Today’s schedule includes the Turkish Manufacturing PMI and UK Nationwide House Price Index at 4:00 PM, Swiss Retail Sales at 4:30 PM, Swiss Manufacturing PMI at 5:30 PM, French Manufacturing PMI at 5:50 PM, German Unemployment Rate at 5:55 PM, UK Manufacturing PMI at 6:30 PM, and the UKremarks by BOE Governor Bailey and remarks by German Bundesbank President Nagel, at 9:00 PM the US MBA Mortgage Applications Index, at 10:00 PM the German Consumer Price Index, at 11:00 PM remarks by Kashkari, President of the Minneapolis Fed, at 12:00 AM the US ISM Manufacturing PMI, and at 12:30 AM US weekly crude oil inventories.We will be watching closely to see if the US dollar reacts significantly to the release of the US ISM data.

Past Market Reports

1. 21.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 14.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 13.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 08.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?