03:00 PM BST, United States - ISM Data for July:
- ISM Services 50.1, Exp. 51.5
- ISM Prices Paid 69.9, Exp. 66.5
- ISM Employment 46.4, Last 47.2
- ISM New Orders 50.3, Last 51.3
The ISM data is mixed, as despite a decline in the headline ISM index, the price subindex rose higher than expected, putting the Fed on a more uncertain path ahead of any interest rate adjustments. This is why the pair's early gains were quickly halted.
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Source: xStation
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