US Service Sector Expected to Expand Marginally in August

The US service sector is expected to show marginal improvement in August, according to forecasts. The Institute for Supply Management (ISM) will publish its Services PMI on Thursday at 14:00 GMT.

Consensus points to a reading of 54.3 from July's 54.1. A softer-than-expected print could shake confidence and see investors trimming their USD holdings on fears that growth is losing momentum.

The US Dollar (USD) may not move much if the ISM Services PMI lands in line with expectations, confirming the picture of an economy still resilient but wrestling with sticky price pressures.