BREAKING: US services growth slows in May

The ISM Services PMI for the US fell to 55.90 in May from 57.1 in the previous month, below analysts’ expectations of 56.4.

Further details of the publication:

employment 50.2 vs 49.5 last month
new orders 57.6 vs 54.6 last month
prices paid 82.1 vs 84.6 last month
business activity index 54.5 vs. 59.1 last month
supplier deliveries 61.3 vs. 65.1 last month
inventories 51.0 vs. 52.3 last month

EURUSD saw a relatively small reaction to today’s release. The most popular currency pair continued to trade around 1.0740 level. Source: xStation5

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