- US Manufacturing PMI decreased to 57.5 in May from 59.2 in April, below forecasts of 57.9, preliminary estimates showed;
- US Services PMI fell to 53.5 in May from 58.9 in the previous month and well below market consensus of 57.4, a preliminary estimate showed;
EURUSD is trading higher today and today’s data provided more fuel for bulls. The main currency pair approaches a short-term resistance zone in the 1.0735 area. Source: xStation
What to look out for this week❓
Morning Wrap: Iran's peace proposal “UNACCEPTABLE”; markets take a hit ❗💥
BREAKING: US Labor Market Stronger Than Expected, While Wage Pressure Eases. EURUSD gains!🚨
📈 EURUSD up 0.4% before the NFP