ISM services falling into contractionary territory could hit the Dollar – ING DollarIndex UnitedStates Employment Banks
Wednesday’s release of the June FOMC minutes gave very few reasons to doubt the Fed’s determination to keep raising rates. In a way, the bar for data disappointment and consequent dovish repricing may now be higher. Still, expect a hit to the Dollar if the ISM services fall into contractionary territory.
The Dollar's reaction to today’s data may not prove particularly long-lived, especially if Friday’s payrolls continue to point to a tight jobs market and keep a post-July hike on the table.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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