The headline ISM Services PMI figure fell to 56.5 in February from 59.9 in January, well below the expected rise to 61.0, according to the latest release by the Institute for Supply Management.
Subindices:
- Business Activity fell to 55.1 from 59.9 in January.
- Prices Paid rose to 83.1 from 82.3.
- New Orders fell to 56.1 from 61.7.
- Employment fell to 48.5 from 52.3.
Market Reaction
The Dollar Index (DXY) was choppy in wake of the latest broadly downbeat ISM Services PMI survey but did not really see a lasting reaction in either direction and continues to trade well supported near multi-month highs in the 97.60 area. Geopolitics remains in focus and continues to underpin demand for safe-haven currencies like the US dollar.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD holds losses near 1.1350 as US Dollar gains on US-China trade optimism
EUR/USD consoldiates losses near 1.1350 in European trading on Friday. Broad US Dollar resurgence on optimism surrounding the US-China trade war de-escalation keeps the he pair undermined. Trade talks and US data remain in focus.
GBP/USD stays pressured near 1.3300 after UK Retail Sales data
GBP/USD remains under moderate selling pressure near 1.3300 despite the upbeat UK Retail Sales data for March. The pair feels the heat of the solid US Dollar rebound, aided by a Bloomberg report, which indicated China may suspend its 125% tariff on select US imports.
Gold drops below $3,300 with traders buying into Trump's comments on talks with China
Gold price is seeing more profit taking this Friday, erasing all of Thursday’s gains, and looks set to close off this week in the red. The move down comes amid increasing confusion on what is the status of the trade conflict between the United States and China, with the US President giving the impression that talks are taking place and China denying it.
Ethereum: Accumulation addresses grab 1.11 million ETH as bullish momentum rises
Ethereum saw a 1% decline on Friday as sellers dominated exchange activity in the past 24 hours. Despite the recent selling, increased inflows into accumulation addresses and declining net taker volume show a gradual return of bullish momentum.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.