Markit services PMI rises to 60.4 in March

The Markit’s integrated PMI index stood at 59.7 in March, reading that implied an unexpected upward revision of the preliminary data of 59.1. The Services index was also revised from 60 to 60.4. At the same time, there was a rise from 35.5 to 37.2 in March. The new orders index climbed to a six-year high.

The dollar extended the fall after the data. Now the expectation was for the ISM report and the factory orders report. Minutes from the last Federal Reserve meeting will be released later in the week.

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