US Non-manufacturing ISM fell to 46.4 in July way below expectations for a rise to 48.0. The employment component fell to 41.5 in July from 43.4.
Factory orders surprised to the upside in June though rising 0.4% against estimates for a 1% decrease. Not the biggest reaction in the majors with Eur/Usd holding up best, but bids seen in the 1.4350/60 region might be under pressure soon