The index Services PMI published by the US Institute for Supply Management (ISM) has risen to 54.5 in August from 52.7 points in July. The figure has improved the expectations of fall to 52.5 expected by the consensus. This is the best result achieved by the indicator in six months, since February.
He The employment component of the non-manufacturing ISM has increased four points, rising to 54.7 from 50.7, its highest level since November 2021.
The indicator for new service orders has also improved, from 55 to 57.5 in August, its highest score since February.
Finally, the prices paid component has risen to 58.9 from 56.8, its highest level in four months.
dollar reaction
The Dollar Index (DXY) has jumped hard on the data, rising to fresh near six-month highs at 105.02. The pair EUR/USD, for its part, has fallen from the 1.0725 zone to 1.0702, a new three-month low. At time of writing, the Euro is trading against the Dollar at around 1.0714, losing 0.07% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
