Friday, 3 March 2023

ISM Services PMI Virtually Unchanged amid Economic Resilience, Dollar Trims Losses

ISM Services PMI was virtually unchanged in February, clocking in at 55.1 from 55.2 in January, a sign that the economy remains extremely resilient despite rapidly rising interest rates.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...