EUR/USD Exchange Rate Falls as US Services Sector Continues to Expand
The Euro US Dollar (EUR/USD) exchange rate fell by -0.1% today as fluctuating risk-sentiment has continue to drive demand for the safe-haven ‘Greenback’. The pairing is currently fluctuating around $1.19.
The US Dollar (USD) has also benefited from an improving outlook for the US economy, which is the largest economy in the world.
Today saw the release of the latest US ADP Employment Change figure for April, which rose from 565 thousand to 742 thousand.
The latest US ISM Services PMI for April also continue to post a strong improvement, despite showing some signs of slowing in April following a record high.