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BREAKING: USD weakens slightly after downbeat flash US PMI reports

2:49 PM 24 May 2022
  • 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

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