The US Institute of Supply Management (ISM) is set to release its Services Purchasing Managers’ Index (PMI) for December today at 15:00 GMT. This data is crucial for traders monitoring the USD/EUR exchange rate, as it offers insights into the health of the services sector, a significant contributor to the US economy. A stronger-than-expected PMI could bolster the USD, potentially pushing the EUR/USD pair lower.
Market analysts will closely watch the release, as any deviation from forecasts could lead to increased volatility. If the PMI surpasses expectations, it may reinforce the Federal Reserve's tightening stance, further impacting USD strength. Conversely, a weaker figure could provide support for the EUR, influencing traders to reassess their positions in the EUR/USD currency pair as they navigate through potential market shifts.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 13:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.