EUR/USD soars as ISM manufacturing data disappoints

FXstreet.com (Córdoba) - The euro rose over 60 pips in a matter of minutes, reversing recent losses versus the greenback after data showed US manufacturing sector contracted in May, while construction spending grew less than expected in April.

Sour data weighed on the US currency as it undermines expectations that the Federal Reserve could start withdrawing stimulus measures while economic data worsens.

EUR/USD has regained the 1.3000 mark and it is currently trading at the 1.3020 zone, 0.2% above its opening price with immediate resistance seen at 1.3043 (daily high).