What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the services industry.
It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation.
When? January 6th at 3:15am Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the EUR to rise.
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