BREAKING: USD weakens on downbeat services PMI report

US Manufacturing PMI decreased to 52.3 in July from 52.7 in June, above forecasts of 52.0, preliminary estimates showed.

US Services PMI plunged to 47.0 in July from 52.7 in the previous month and well below market consensus of 52.6, a preliminary estimate showed.

EURUSD broke above 1.0200 resistance. Source:xStation5

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Daily summary: A week closed with declines – is the market starting to fear inflation?

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Economic Calendar: Global Data Focus Shifts to US and Canada,

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