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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.
Outlook for tomorrow's foreign exchange market: focus on the US May ISM Manufacturing Index ETF.
The dollar-yen exchange rate in the foreign exchange market from tonight to tomorrow is likely to be influenced by the US May ISM Manufacturing Purchasing Managers' Index. The expected range is 156.60-157.80 yen per dollar. There are multiple economic indicators and events to watch out for this week, with the US May employment statistics scheduled for release on the 7th. The ISM Manufacturing Purchasing Managers' Index takes the lead as the first economic indicator to be released.
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.
Japanese Yen Receives Pressure After Dovish Comments From Minister Shindo
The Japanese Yen moves sideways as investors adopt caution ahead of ISM Manufacturing PMI
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.
Japan's Shindo: Real Economic Growth of 1.3% in FY 2025 Is Not so Unrealistic
Japanese Economy Minister Yoshitaka Shindo said on Monday that the government will “continue efforts for primary balance to reach within surplus territory in FY 2025.”