Forex : The Dollar remains hesitant between solid data and escalating conflict in the Middle East

The u.s. dollar dropped on Wednesday some of its gains following the publication of data in the non-manufacturing better than expected.

The dollar index, which tracks the greenback against a basket of other currencies has gained 0.04% 96,740 at 10.20 am.

Data from the ISM non-manufacturing for December showed a reading of 55, beating the forecast of 54.5. The services sector is an essential element of the u.s. economy, representing approximately 80% of the gross domestic product (GDP) in the us private sector.

The greenback gained 0.3% during the night, but then surrendered its gains in a context of growing concern in the face of tensions in the Middle East.

On Wednesday, Iran fired a series of rockets on two air bases on the us-iraqi as a first response to the killing of general Qassem Soleimani by a us air strike last week.

After the attack, Iran has vowed to retaliate, and said that it will evaluate 13 possible ways to impose a “historical nightmare” in the United States.

The us president, Donald Trump has been informed of the attack in Iraq and was monitoring the situation, said the spokesman of the White House, Stephanie Grisham.

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