Will the Fed make the US dollar rise?
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
China April service sector surge is slowest in almost a year
In April, surge in China's services sector suddenly cooled to its slowest value in nearly a year because fears of slower economic surge suppressed business confidence, even as cost pressures eased as Thursday’s private poll demonstrated.
The Caixin/Markit services purchasing managers' index went down to 51.5 from March's outcome of 52.2, which is the fourth monthly sag in a row. The sector definitely surged at its weakest tempo since May 2016.
Additionally, Caixin's composite manufacturing as well as services PMI pointed to a loss of surge momentum for the month too, edging down to 51.2, its lowest outcome since June 2016.
The outcomes actually echoed a similar trend of slowing surge observed in China's official factory as well as services polls on Sunday, although the Caixin polls have a smaller sample size, mostly focusing on small and also medium-sized companies.
Experts have forecast China's economy would gradually lose steam in the nearer months after a sturdy first quarter, when it soared by a faster-than-expected 6.9%.
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