Daily digest market movers: DXY is trending higher near 103.80, finding its footing after a post-FOMC sell-off
- S&P Global's initial Purchasing Managers Survey for March showed a slight decrease in the Services PMI, dropping from 52.3 to 51.7.
- Conversely, there was an increase in the Manufacturing PMI, rising from 52.2 to 52.5. The Composite PMI, which stood at 52.5 in February, showed a slight dip to 52.2.
- Initial Jobless Claims for the week ending March 15 came in at 210K, lower than the 215K expected.
- After the FOMC's decision, US Treasury bond yields are increasing with the 2-year yield trading at 4.59%, the 5-year at 4.25%, and the 10-year at 4.27%.
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