The ISM Services PMI for the US roseĀ slightly to 56.9Ā in August from 56.7 in the previous month,Ā beating analystsā expectations of 55.1Ā and pointing to the strongest growth in services activity in four months.Ā Business activity (60.9 vs 59.9) and new orders (61.8 vs 59.9) expanded faster. Also, employment (50.2 vs 49.1) rebounded despite a restricted labor market rebounded while prices rose at a slower pace (71.5 vs 72.3).
EURUSD is trading lower today and todayās data provided more fuel for bears. The main currency pair broke below support zone in the 0.9880Ā area. Source: xStation
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