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EUR/USD steadies near 1.0700 after USD slide
EUR/USD reached a peak of 1.0721 following the release of a weak ISM Services PMI report from the US. The pair is currently hovering near the 1.0700 level, unchanged for the day. Wall Street indexes are showing a mixed performance.
GBP/USD recovers above 1.2400 as USD loses strength
GBP/USD has advanced beyond 1.2400 and managed to erase a portion of its daily losses. With the initial reaction to the disappointing ISM Services PMI, which showed a contraction in employment, the US Dollar lost its strength and allowed the pair to reverse its direction.
