The dollar was weaker against the pound and the euro yesterday, but is stronger this morning as Iran designated the US military a terrorist organisation. Iran has also said that it is considering up to 13 retaliation scenarios.
Both Services and Composite PMI’s were revised higher for the US, with Services PMI reaching a five-month high. Employment and new orders rose the most since July, with new business from abroad posting the first increase in five months.
Today, we’ll see a series of data released include Balance of Trade and Non-Manufacturing figures.
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