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Following 1/7/2021 5:42:43 AM GMT Sustained USD selling assisted EUR/USD to gain traction for the third straight session on Wednesday. The euro bulls seemed rather unaffected by the downward revision of the Eurozone Services PMIs. Disappointing US ADP report, FOMC minutes did little to impress the USD bulls or cap the major. The EUR/USD pair shot to fresh 33-month tops on Wednesday amid sustained US dollar selling bias. The market started pricing in the possibility of a more expansive fiscal policy in the wake of a Democratic victory in the crucial US Senate runoff...

Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections weighed on new business and employment, a private survey showed on Wednesday.

India's services sector loses momentum; PMI falls to 52.3 in Dec vs 53.7 in Nov The Nikkei/IHS Markit Services Purchasing Managers' Index fell to 52.3 in December from November's 53.7 but held above the 50-mark separating growth from contraction for a third straight month Reuters | January 6, 2021 | Updated 11:24 IST Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections weighed on new business and employment, a private survey showed on Wednesday. Asia's third-largest economy has been gradually recovering from a coronavir...

(Representative image) BENGALURU: Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections weighed on new business and employment, a private survey showed on Wednesday. Asia's third-largest economy has been gradually recovering from a coronavirus-induced recession but is not expected to return to pre-pandemic levels soon, especially within the service industry - the engine of economic growth and jobs in the country. The Nikkei/IHS Markit Services Purchasing Managers' Index fell to 52.3 in December from November's 53.7, but...

Service activity slows in December, PMI at 3-month low SECTIONS Share Synopsis The IHS Markit India Services Business Activity Index dropped to 52.3 in December from 53.7 in November. Agencies Job market conditions darkened, slipping back into contraction, although the pace of job shedding remained minimal. NEW DELHI: India’s services activity slowed to a three-month low level in December and staff hiring came to a halt on liquidity concerns, labour shortages and subdued demand as business optimism faded, a private survey showed on Wednesday. The IHS Markit India Services Business Activity ...