The dollar was seriously hurt on Friday by lackluster nonfarm payrolls, and the currency retained its weakness at the beginning of the new week. EUR/USD rose today even though reports about the US services sectors were mostly positive. The gains were limited as trading volumes are still light. Most markets outside of the United States are closed after the Easter holiday.
Markit services PMI rose from 57.1 in February to 59.2 in March. The median forecast promised a reading of 58.6 — the same as the flash estimate. (Event A on the chart.)
ISM services PMI slipped from 56.9% in February to 56.5% in March, in line with market expectations. (Event B on the chart.)
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