- The US private sector expanded at a softening pace in January.
- US Dollar Index stays deep in negative territory below 107.50.
The economic activity in the US’ private sector continued to expand in January, albeit at a softer pace, with the S&P Global Composite PMI declining to 52.4 from 55.4 in December.
In the same period, the Manufacturing PMI improved to 50.1 from 49.4, surpassing the market expectation of 49.6. Finally, the Services PMI declined to 52.8 from 56.8.
Commenting on the survey’s findings, “US businesses are starting 2025 in an upbeat mood on hopes that the new
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