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U.S. Flash Services & Manufacturing Less Than Expected

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A preliminary estimate showed that the IHS Markit US Services PMI fell to 49.6 in July 2020 from 47.9 in the previous month and below market consensus of 51.0.

While, the IHS Markit US Manufacturing PMI increased to 51.3 in July of 2020 from 49.8 in June, below market forecasts of 51.5.

Market Reaction

The US Dollar Index largely ignored this report and was last seen losing 0.2% on the day at 94.59.