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Forex Focus on ISM Non-Manufacturing PMI

Forex Focus on ISM Non-Manufacturing PMI
Forex Focus on ISM Non-Manufacturing PMI

EURUSD traders will start the European trading session with the Germany July factory orders data 6:00GMT, the Germany August construction PMI is due at 7:30GMT.

In US forex calendar traders await the US August Challenger job cuts data due at 11:30GMT, the ADP Nonfarm Employment Change will be released at 15:15. Nonfarm Productivity (q/q) and Initial Jobless Claims will be released at 15:30, while the Markit Services PMI is due at 16:45. Factory Orders (m/m) and the ISM Non-Manufacturing PMI will be released at 17:00.

Oil traders await the EIA Crude Oil Stocks Change due at 18:00.

Australian trade balance came in at AUD 7.268bn topping expectations of  AUD7bn surplus.

Asian indices trading higher today. EURUSD trades 0.12% lower at 1.1022, the USDJPY is 0.10% higher at 106.46 while the AUDUSD is 0.23% higher at 0.6813.

The central bank of China set the Yuan rate (USDCNY) at 7.0852 at the lowest level in 11 years, versus yesterday fix at 7.0878.