Forex Today: US Dollar stabilizes following PMI-inspired selloff

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Forex Today: US Dollar stabilizes following PMI-inspired selloff
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Here is what you need to know on Tuesday, June 4: The US Dollar (USD) holds steady against its major rivals early Tuesday after suffering large losses in the American session on Monday.

Here is what you need to know on Tuesday, June 4: The US Dollar holds steady against its major rivals early Tuesday after suffering large losses in the American session on Monday. April Factory Orders and JOLTS Job Openings data will be featured in the US economic docket in the second half of the day. The data from the US showed on Monday that the ISM Manufacturing PMI dropped to 48.7 in May from 49.

It collects data from employers including retailers, manufacturers and different offices each month. Read more. Last release: Wed May 01, 2024 14:00 Frequency: Monthly Actual: 8.488M Consensus: 8.69M Previous: 8.756M Source: US Bureau of Labor Statistics Bank of Japan Governor Kazuo Ueda said on Tuesday that they will adjust the degree of monetary support if underlying inflation were to continue to move in line with their projections.

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