Daily digest market movers: DXY down as markets digest economic figures from the US
- The US private sector continued healthy expansion, with S&P Global Composite PMI rising to 55 from June's 54.8.
- Counterbalancing this, the S&P Global Manufacturing PMI fell to 49.5 from June's 51.6, while Service PMI rose slightly from 55.3 to 56.
- The CME FedWatch Tool continues to back a likely rate cut in September, although upcoming GDP and PCE data will largely determine the DXY dynamics for the remainder of the week.
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