FX : U.S. services PMI grows to 48.4 in Aug from 46.4; Dollar ticks up against Euro
FXstreet.com (Barcelona) - U.S. services sector's activity has contracted in August, but at a slower pace than in July, as Non Manufacturing PMI rose to 48.4 from 46.4 in July, approaching the 50 reading, the level between expansion and contraction.
The Dollar inched up against Euro and Pound; EUR/USD retreat from 1.4350 high has extended after U.S. ISM, and the Euro dipped to test intra-day low at 1.4255.
GBP/USD retreat from 1.6415 is holding above 1.6335 (Aug 31 high) so far, while the USD/JPY remains moving between 92.50 to 92.65 after having bounced at 91.95 intra-day low.
