16:45 US Services PMI (Jun) - Actual: 54.8; Forecast: 56.7; Previous: 56.2;
The data is weaker than forecast reading. It is generally negative (bearish) for the USD.
The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants. An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration.
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