The ISM Non-Manufacturing PMI for the US fell to 60.1 in June from 64.0 in the previous month, well below analysts’ expectations of 63.5.
- activity/production 60.1 versus 66.2 last month
- employment 49.3 from 55.3 last month
- new orders 62.1 from 63.9 last month
- prices paid 79.5 from 80.6 last month
EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1840 level. Source: xStation5
Strong US macro data 🗽 Industrial production and prices rise
Chart of the Day: NATGAS - Are there chances for a seasonal rebound amid warm weather?
Economic Calendar - Final Eurozone CPI Inflation, US Manufacturing, and Regional Bank Earnings
Morning Briefing: Warsh's silence on interest rates. AI debt fears cooled sentiment, but a rebound is visible