ISM’s Non-Manufacturing PMI rises to 56.4, beats expectations in August. US Dollar Index quickly erases large part of daily losses. 10-year US T-bond rises sharply on data, adds more than 7%. The USD/JPY pair stretched higher and broke above the 107 handle in the last hour as the Greenback staged a decisive recovery on the back of upbeat data. As of writing, the pair was trading at its highest level in a week at 107.12, adding 0.68% on a daily basis. DXY makes a sharp U-turn on impressive ISM reading Earlier today, the data published by the Automatic Data Processing showed that the private sector employment in the US increased by 195,000 in August and surpassed the market expectation of 149,000 to help the US Dollar Index (DXY) limit its losses. Although the final reading of the Markit Services PMI edged lower to 50.7 from the previous estimate of 50.9 and made it difficult for the USD to make a meaningful recovery, the Institue for Supply Management’s (ISM) Non-Manufacturing Business Report triggered a fresh USD-buying wave. At the moment, the DXY is virtually unchanged on the day at 98.40. The ISM’s Non-Manufacturing PMI rose to 56.4 in August from 53.7 in July to reveal a more robust expansion in the sector’s economic activity. “The non-manufacturing sector’s rate of growth rebounded after two consecutive months of cooling off,” the ISM said in its press release. “The respondents remain concerned about tariffs and geopolitical uncertainty; however, they are mostly positive about business conditions.” With fears over a recession easing on the strong data, the 10-year US Treasury bond yield pushed higher to provide an additional boost to the pair and was last seen adding more than 7% on the day. Reaffirming the risk-on mood, all three main indexes of Wall Street are gaining more than 1.5% on the day. Technical levels to consider 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 EIA: US crude oil stocks decreased by 4.8 million barrels, WTI jumps to 5-week highs FX Street 4 years ISM's Non-Manufacturing PMI rises to 56.4, beats expectations in August. US Dollar Index quickly erases large part of daily losses. 10-year US T-bond rises sharply on data, adds more than 7%. The USD/JPY pair stretched higher and broke above the 107 handle in the last hour as the Greenback staged a decisive recovery on the back of upbeat data. As of writing, the pair was trading at its highest level in a week at 107.12, adding 0.68% on a daily basis. DXY makes a sharp U-turn on impressive ISM reading Earlier today, the data published by the Automatic Data… 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.