Markit’s Services Purchasing Managers Index (PMI) remained steady at 50.9. Composite PMI also remained unchanged at 51 in September. US Dollar Index stays near the 99 handle after the data. In its final reading for September, the IHS Markit showed that the business activity in the United States’ services sector expanded at a modest pace with the headline PMI staying unchanged at 50.9. Additionally, the Composite PMI remained steady at 51 as expected. The US Dollar Index largely ignored the data and stays in the negative territory near the 99 handle. Commenting on the data, “A disappointing service sector PMI follows news of lacklustre manufacturing and means the past two months have seen one of the weakest back-to-back expansions of business activity since 2009, sending a signal of slower GDP growth in the third quarter,” said Chris Williamson, Chief Business Economist at the IHS Markit. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Large Korean crypto exchange Bithumb looking to set up in India FX Street 3 years Markit's Services Purchasing Managers Index (PMI) remained steady at 50.9. Composite PMI also remained unchanged at 51 in September. US Dollar Index stays near the 99 handle after the data. In its final reading for September, the IHS Markit showed that the business activity in the United States' services sector expanded at a modest pace with the headline PMI staying unchanged at 50.9. Additionally, the Composite PMI remained steady at 51 as expected. The US Dollar Index largely ignored the data and stays in the negative territory near the 99 handle. Commenting on the data, "A disappointing service sector… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
