The US services sector continues looking strong: the ISM non-manufacturing PMI dropped, but to 59 points, better than predicted and still showing very solid growth. However, the employment component is down from the highs: 56 against 59.6 last month. Nevertheless, this is looking goof for the US economy, which focuses on services.
The USD is slightly stronger with currencies dropping around 15 pips against the greenback in the initial reaction. However, the $ is looking better against the majors but actually sliding against commodity currencies.
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