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Mixed US PMI data delivers slight dollar drop

The noted US PMI data readings have just been released and it delivered a rather mixed outcome. Services fell but manufacturing rose. Perhaps the Service sector drop is the one the markets might gleam more from but it is still above 50 (50.2). The dollar has fallen slightly on this news, but we are talking about very small moves here, because one element did rather cancel out the other. The US stock markets have broken any fresh ground after this data, but that is unlikely to last for the rest of the session and that 34k still looks rather magnetic here for now. The EUR/USD is now pretty much unchanged at 1.0655

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