The U.S. services PMI in October was higher than expected, and the dollar index DXY rose more than ten points to 103.7.

The dollar index, the DXY, rose more than 10 points to 103.7 after the US economic data was released. The Institute for Supply Management (ISM) said that economic activity in the services sector expanded for the fourth consecutive month in October. The services PMI recorded 56, higher than the expected 53.8, the 50th expansion in the sector in 53 months.