USD trades higher ahead of ISM non-manufacturing print

Feb 5, 2019

The US dollar is trading higher against majority of G10 currencies ahead of today’s data release. The ISM non-manufacturing index will be published at 3:00 pm GMT and it is the top reading scheduled for the US trading hours. Traders should watch this data carefully after last month’s reading showed a major slump. January’s print is expected to show further deterioration.

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When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.