UK Construction PMI fell to 51.1 points in August from 51.9 points in July, below expectations of a 52 point increase. Today's reading is the lowest in a year, just after a referendum on the EU membership.
Starting a new trading week as usual every week, the markets wait for important economic data to assess the performance of the economies and then determine the trends of their currencies. This week, which does not include many important economic data, but the markets are monitoring some data we are exposed to them through the following:
The start of the week was calm and didn't witness strong moves, but the US dollar managed to erase some of its losses last week, ahead of US employment data to be released on Friday. This was helped by the positive figures for the manufacturing sector, with the ISM Manufacturing PMI recording its highest reading in two and a half years at 57.8 points.
With the start of the second half of 2017, several important economic data will be released this week and are likely to have a significant impact on market movements.
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