FxPremiere.com – Fx Signals – The dollar inched higher Tuesday, as investors fled to safety amid weaker-than-expected services data just a day ahead of the minutes of the Federal Reserve’s June meeting that could provide further clues on tapering.
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The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, climbed by 0.14% to 92.54. forex learning guides
The June ISM Services PMI slipped by more than expected in June to 60.1 from 64.0 last month, and missed economists’ forecasts of 63.5.
The soft services activity stoked some worries that the rapid pace of economic expansion is in its final innings, triggering a rush to safety and benefiting the greenback on Forex Signals
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