The ISM non-manufacturing PMI showed a lower than expected reading though, as the figure fell from 58. to 57.1. Despite that, traders still seem to be gearing up for an upside NFP surprise later this week. For today, initial jobless claims and preliminary non-farm productivity and labor costs data are due.EURThe euro revisited its previous lows to the dollar, as euro zone retail sales showed a massive 1.3% decline instead of the projected 0.% dip.
The Spanish services PMI came in slightly weaker than expected while the Italian services PMI beat expectations. For now, traders might be bracing themselves for a downbeat ECB rate statement, although no actual changes are expected.