- The ISM Services PMI for the US fell to 56.50 in February from 59.9 in the previous month, well below analysts’ expectations of 61.0.
- Factory orders data for January that was released simultaneously and showed better-than-expected readings.
- New orders for US manufactured goods inched up to 1.4% January, following a upwardly revised 0.7% (previous -0.4% decline) in December and beating market forecasts of 0.7% increase.
EURUSD saw relatively small reaction to today’s data inflation release. The most popular currency pair continued to trade around 1.1080 level. Source: xStation5
