ISM Non-Manufacturing Index in the US for January rises to 55.5. The published data turned out to overcome the expectations (55.1). The highest surge regards ISM Non-Manufacturing Business Activity which climbed to 60.9 level. ISM Non-Manufacturing Employment, on the other hand, fell to 53.1 - last reading showed 54.8.
ISM Services PMI is regarded as an indicator of the overall economic condition for the non-manufacturing sector. It measures 4 fields of the economy: business activity, employment, new orders and prices.
As a result, US dollar remains strong - EURUSD tumbles around 0.38% and has already reached the 1.1000 support.
US dollar remains strong. The 1.1000 support is at risk. Source: xStation5
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