The Institute for Supply Management stated that its non-manufacturing PMI for the US fell to 57.4 in November, compared with 60.1 in October, suggesting that the services sector's growth slowed due to moderation in both export and new orders.
The Sterling was little changed against the US Dollar on the UK Services PMI data, though the report managed to sustain the exchange rate above the 1.3400 level.
In line with expectations, the pair continued to move horizontally near resistance zone located at 1,276.00.
Despite the US Senate vote on tax reform, the Dollar did not manage to gain much value yesterday.
The Greenback made the last attempt to rise against the Yen before falling sharply on non-negative US economic data. The USD/JPY added 5 base points, ahead of the sharp fall to the 111.74 area. However, bulls put the pair back to the pre-data level of 112.60.
The British Pound was slightly higher against the US Dollar on the release showing stronger activity in the country's construction sector.
Despite a short-term spike caused by General Flynn admission of guilt the pair is still fluctuating near the bottom boundary of a long-term dominant ascending channel.
An admission of guilt by General Flynn led to short-term depreciation of the buck on Friday.
The Greenback made the last attempt to rise against the Yen before falling sharply on non-negative US economic data. The USD/JPY added 5 base points, ahead of the sharp fall to the 111.74 area. However, bulls put the pair back to the pre-data level of 112.60.
The Sterling depreciated initially against the Greenback, fuelled by stronger-than-anticipated Britain's manufacturing data.
During previous trading session the pair continued to fall towards the bottom boundary of a senior descending channel.
In result of the previous trading session, the currency rate made a rebound from the 200-hour SMA and began to surge towards the 1.1940 mark.
The Greenback made the last attempt to rise against the Yen before falling sharply on non-negative US economic data. The USD/JPY added 5 base points, ahead of the sharp fall to the 111.74 area. However, bulls put the pair back to the pre-data level of 112.60.
US consumer inflation growth weakened in October, as the hurricane-related increase in purchases of motor vehicles started to fade.
Publication of information on the US GDP that matched with the breaking point of a little symmetrical triangle led to 0.9% drop of the yellow metal's price.
Most of the previous trading session the exchange rate spent in a limbo between the 1.1874 and 1.1837 levels.
The Greenback was slightly changed against the Japanese Yen, following the preliminary data release on the US economic growth.
The US economy expanded at the fastest pace in three years, as businesses invested more in equipment and inventories, offsetting slackening in inflation.
Previous trading session the pair spent fluctuating between the 1,297.00 and 1,292.00 level amid the encouraging macro news from the US and disturbing news from North Korea.
In line with expectations, the release of better than expected American macro data as well as progress made on tax reform adoption led to strong appreciation of the buck.
The Conference Board revealed that the Consumer Confidence Index for the US rose to the 129.5 mark in November, reaching the highest level in 17 years.
The Sterling weakened against the US Dollar on the Bank of England report showing its stress test results for this year.
In result of the previous trading session, the pair confirmed transformation of an ascending channel into the rising wedge formation.
Due to hawkish remarks made by the Fed Kaplan, the Dollar gained some momentum and dragged the pair back to the 55-hour SMA located at 1.19.