The service sector held up in September, according to the latest ISM survey. The index came in at 50.2, close to expectations, breaking a string of awful data this week. This is an important data point as services make up the vast bulk of the US economy.
Economic data remains a sideshow this morning as the TARP debate/bank crisis/emerging market meltdown keeps the market on its toes. EUR/USD trades at 1.3750 after absorbing strong EUR/USD selling from Russia.
