Today, traders also had a chance to take a look at the final reading of S&P Global Services PMI report for February. The report showed that S&P Global Services PMI declined from 52.9 in January to 51 in February, compared to analyst forecast of 49.7.
S&P Global Composite PMI decreased from 52.7 in January to 51.6 in February, while analysts expected that it would drop to 50.4.
U.S. Dollar Index moved away from session lows after the release of the better-than-expected ISM Services PMI report. Currently, U.S. Dollar Index is trying to settle back above the 104.60 level.
Gold was mostly flat after the release of the report. Gold continues its attempts to settle above the $2920 level as traders focus on the weak U.S. dollar.
