United States S&P Global Services PMI came in at 55 below forecasts (56) in July

Aug 5, 2024

DXY: Eye on ISM Services – OCBC

Following Fed’s signalling for rate cut soon, the softer US payrolls report (last Fri) was the latest trigger to drag the USD lower, OCBC FX strategists Frances Cheung and Christopher Wong note.

United States S&P Global Services PMI came in at 55 below forecasts (56) in July

DXY: Eye on ISM Services – OCBC

United States S&P Global Composite PMI came in at 54.3 below forecasts (55) in July