- Services ISM falls in April, contrary to expectations.
- Indicator of employment of the index goes to negative terrain.
- The dollar unchanged, pending the Fed.
The ISM service sector index showed an unexpected fall in April to 57.1 from 58.3, with a rise to 58.5 expected. The employment index fell to 49.5, moving into contraction territory. Prices paid rose from 83.8 to 84.6, a new record. New orders fell from 60.1 to 54.6.
Before the ISM, an upward revision of the S&P Global Services PMI from 54.7 to 55.6 was known. The ADP private employment report had previously been published, showing an increase of 247,000, below the 395,000 expected.
The dollar not significantly impacted by economic data. The focus is on the Federal Reserve meeting, which will announce its decisions at 18:00 GMT.
Source: Fx Street
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