FX desk · Event pivot
ISM Services PMI: Forex impact today
Institute for Supply Management's monthly Services PMI. Services represent ~70% of US GDP, making this print arguably more market-moving than the manufacturing equivalent in the post-2022 services-led-inflation regime.
Cadence
Monthly, third business day
Pairs to watch · live spot
- DXY+0.00%27.95
US Dollar Index. Trade-weighted USD against EUR, JPY, GBP, CAD, SEK, CHF. The cleanest single ticker for the dollar trade.
CB: FEDBrief → - EUR/USD+0.03%1.1573
The most-traded currency pair in the world. Tracks ECB-Fed policy divergence, eurozone macro and the dollar trade-weighted index.
CB: ECB / FEDBrief → - USD/JPY+0.09%160.36
Cleanest single proxy for the global rate-differential trade. Carry-trade funder. Yen intervention triggers above 155 historically.
CB: BOJ / FEDBrief →
FAQ
- Which forex pairs move on ISM Services PMI?
- ISM Services PMI typically moves DXY, EUR/USD, USD/JPY. The strongest reactions historically come from the dollar pairs first, then the JPY and EM crosses.
- When is the next ISM Services release?
- Schedule pending — the next release is not yet on the calendar.
- Why does ISM Services PMI matter for forex traders?
- Institute for Supply Management's monthly Services PMI. Services represent ~70% of US GDP, making this print arguably more market-moving than the manufacturing equivalent in the post-2022 services-led-inflation regime.