The US ISM index for the services sector dropped to 59.2 in January from 63.9 and there was also a disappointing job element at 52.2 which can increase some concerns within the Friday statute. The market need to concentrate on speed differentials with all the ECB signalling prices are on hold. Nonetheless, it appears very doubtful if buck purchasing is advisable outside 1.2950.

Analysis provided by http://www.fxtoday.co.uk