Tag Archives: Institute for Supply Management

Rising US Treasury bond yields and anticipation of further Fed tightening weigh heavily on the EUR/USD pair, which declines to 1.0500, down 0.69%. The Euro is losing value due to divergent economic forecasts that show growing US business activity and slowing manufacturing activity in the Eurozone.With major support at 1.0500 …

The headline ISM Services PMI figure slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the Institute for Supply Management.Economic activity in the services sector grew in February for the 21st month in a row, with the Services …