<\/p>\n
\u00a0The general index of the US dollar resumed its upward journey after stopping for three consecutive sessions in which the US dollar recorded declines by about 0.40% to test levels of 94.07 at the beginning of the week before it started to rise with the beginning of the American session yesterday, Tuesday, and continued its rise this morning, Wednesday, October 6, recording gains of about 0.30% It is trading at 94.26 levels. <\/span><\/span><\/p>\n The PMI index issued by the Institute of Supply Management for the American services sector in the US session on Tuesday formed additional support for the US dollar, as the index rose to 61.9% in September, compared to 61.7% in August, to come better than expectations that indicated a rise to 59.9% to record economic activity in the sector Services grew for the sixteenth consecutive month, with an increase in the business activity index to 62.3%, an increase in the new orders index by 63.5%, and an increase in the employment index to 53%. <\/span><\/span><\/p>\n The US dollar is benefiting since Tuesday’s session from the high yield on US Treasury bonds, which is trading at a rise of about 1.25% this morning at 1.550.<\/span><\/span><\/p>\n During today’s session, the markets are awaiting the announcement of employment in the private sector in the United States of America issued by the ADP, where expectations indicate that the private sector will add 425,000 <\/span><\/span>jobs in the month of September.<\/span><\/span><\/p>\n The reading of employment in the private sector gives an initial picture of what will be the US labor market data, which will be issued at the end of the week on Friday, and will definitely confirm the US Federal Reserve’s announcement to reduce its purchases of bonds at the meeting of the third of next November.<\/p>\n The euro against the US dollar is trading at its lowest level since July of last year at 1.1558, down more than 40 points today, Wednesday, affected by the rise of the US dollar and negative data released by the German economy in the morning from a decline in German factory orders in August by 7.7% – worse than expected. It indicated a decline of about -2.1%.<\/span><\/span><\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" \u00a0The general index of the US dollar resumed its upward journey after stopping for three consecutive sessions in which the US dollar recorded declines by about 0.40% to test levels of 94.07 at the beginning of the week before it started to rise with the beginning of the American session yesterday, Tuesday, and continued its […]<\/p>\n","protected":false},"author":1,"featured_media":2119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n