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US Dollar Steadies as Traders Brace for Data-packed Week
The US Dollar trades mixed against its major peers on Monday.
In May, the United Kingdom's manufacturing PMI returned to the expansion range, and factory prices reached their largest increase in a year.
According to a survey released on Monday, the United Kingdom's manufacturing industry resumed growth last month after a long period of slowdown, but rising prices by businesses may make the Bank of England cautious about cutting interest rates.
Murrey Math Lines: EUR/USD, GBP/USD
EUR/USD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend.
Dollar Trades Steady, U.S. Jobs Data Key -- Market Talk
The dollar trades steady after falling Friday following data that showed the Federal Reserve's preferred measure of inflation, the core personal consumption expenditures index, eased to 0.2% month-on-month in April from 0.3% in March.
Pound Sterling Consolidates Ahead of US ISM Manufacturing PMI Data
The Pound Sterling trades broadly unchanged near 1.2750 ahead of a US data-packed week.
The biggest engine of the US economy is starting to stall!
Against the backdrop of high interest rates, US consumer income and expenditure growth rates both declined, and the savings rate fell to a 16-month low, amplifying the possibility that the Federal Reserve would cut interest rates to a certain extent.