Check out today's EURUSD Technical Analysis-
According to the ADP survey, employment change in the United States for the month of July outperformed the expected number of 189,000 jobs by 324,000. Prior to that, the ISM Manufacturing PMI for July missed expectations at 46.8 with a reading of 46.4. The ISM Manufacturing Employment Index and Prices Paid fell below expectations by 48 and 42.8, respectively, with readings of 44.4 and 42.6 respectively. The ISM New Manufacturing Orders Index beat expectations by 44 with a reading of 47.3.
On the other hand, left an impact on the sentiment of investors and markets. Fitch downgraded the US government, citing growing debt at the federal, state, and local levels and a "continued deterioration in governance standards" over the past two decades. Accordingly, the rating on Tuesday was downgraded one notch to AA+ from AAA, the highest rating possible. And the new rating is still very good in investment grade.
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