The final reading of the United States (US) S&P Global Services PMI came in at 50.7 in May, compared to the previous 50.9 and missing estimates of 50.9.
Meanwhile, the Composite PMI was confirmed at 51.5 in the same month, slightly below the anticipated 51.7
The US Dollar (USD) retains its risk-off strength following the news. The US Dollar Index (DXY) trades near a fresh weekly high of 99.50, advancing on fresh tensions in the Middle East. According to early news, Iran resumed attacks on regional neighbors, while the US responded with defensive strikes.
US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. US President Donald Trump aimed to cool down tensions by announcing that Tehran agreed not to have nuclear weapons, but risk-aversion persists: US indexes trade dip in the red, extending their losses with the dismal PMI readings, while crude oil prices maintain their positive momentum, with the barrel of West Texas Intermediate (WTI) trading at $93.