BREAKING: strong ISM data from US drags EURUSD lower 📌

03:00 PM BST, United States - ISM Data for May:

• ISM Non-Manufacturing PMI: actual 53.8; forecast 51.0; previous 49.4;
• ISM Non-Manufacturing New Orders: actual 54.1; forecast 53.2; previous 52.2;
• ISM Non-Manufacturing Prices: actual 58.1; forecast 59.0; previous 59.2;
• ISM Non-Manufacturing Employment: actual 47.1; forecast 47.2; previous 45.9;
• ISM Non-Manufacturing Business Activity: actual 61.2; previous 50.9;

Mixed data from the US economy, the headline reading surprisingly higher, but its impact on the market is somewhat neutralised by lower price sub-index data. Overall, however, the overall reading appears to be relatively hawkish. The dollar gains immediately after the reading.