The US dollar slowed growth

The US dollar slowed growth against the basket of currencies amid a decline in business activity in the non-manufacturing sphere of the US.

• According to published data, PMI in the services sector in November fell to around 54.5, while analysts had expected growth at 55.4.
• The index of employment in the non-manufacturing sector (ISM) in November was 55.3, against the October value of 57.5.
• The index of business activity in the non-manufacturing sector (PMI) by ISM in November fell to the level of 57.4, which is lower than the value of October at 60.1.

Based on this statistics, the dollar index stabilizes its growth, retreating from the session’s high at 93.354.

Fig. Graph of the US dollar index. The current price of DXY is 93.254.

Alexander Sivtsov