The ISM’s non-manufacturing sector activity index showed a rise from 55.3 to 63.7, reaching a maximum record. The market consensus was for a reading of 58.5.
The employment rate of the report jumped to 57.2 from 52.7 (consensus: 53.9), while that of new orders services jumped to 67.2. Talking about inflation, the index of prices paid, expected to register a small decline, climbed from 71.8 to 74.
Previously, it had a better-than-expected reading in the March integrated Markit index and in the service sector index, in addition to an improvement in the New York ISM. This had boosted the dollar, which continued with this trend after the ISM registration.
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