USD: US Non-manufacturing PMI expected to slip – TDS

FXStreet (Delhi) – Ned Rumpeltin, European Head of Currency Strategy at TD Securities, suggests that the US Non-manufacturing ISM for Sep is expected to slip from 59 to 57 (mkt 57.5).

Key Quotes

“Reflecting dented confidence amid financial market turmoil, but overall a better insulated set of industries than what sunk the manufacturing survey. The Fed’s nebulous Labour Market Conditions Index will also be released.”