U.S. February PMI Data Reveals New Lows

According to Odaily, the final reading for the U.S. S&P Global Services PMI in February was 51, marking the lowest level since November 2023. This figure surpassed expectations of 49.7, which was also the previous value. Meanwhile, the U.S. S&P Global Composite PMI for February reached a final value of 51.6, exceeding the anticipated 50.4 and the prior reading of 50.4. Additionally, the U.S. Dollar Index (DXY) experienced a significant drop of 1.00% during the day, currently standing at 104.50.