U.S. Dollar Drops Amid Weak Services PMI
Reversing direction, the U.S. dollar fell against its major
counterparts in the New York session on Monday, after a data showed
that nation's service sector growth slowed more than expected in
May.
Survey data from the Institute for Supply Management showed that
services PMI fell to 50.3 in May from 51.9 in April. Economists had
expected the index to edge down to 51.5.
The currency was higher in the European session as strong jobs
data increased the likelihood of the Federal Reserve keeping rates
higher for longer.
The Fed is due to announce its latest monetary policy decision
next week, with the central bank widely expected to hold the rate
at 5.00 percent - 5.25 percent.
The greenback fell to 1.0722 against the euro and 139.25 against
the yen, from an early 4-day high of 1.0674 and a 6-day high of
140.45, respectively. The next likely support for the currency is
seen around 1.09 against the euro and 137.00 against the yen.
The greenback eased to 0.9056 against the franc and 1.2432
against the pound, off its early 5-day highs of 0.9119 and 1.2368,
respectively. The greenback is likely to find support around 0.89
against the franc and 1.26 against the pound.
The greenback dropped to 0.6637 against the aussie and 0.6085
against the kiwi, reversing from an early high of 0.6579 and a
4-day high of 0.6041, respectively. The greenback is seen finding
support around 0.68 against the aussie and 0.62 against the
kiwi.
In contrast, the greenback moved up against the loonie, touching
a 4-day high of 1.3461. The greenback may find resistance around
the 1.36 level.
US Dollar vs CHF (FX:USDCHF)
FXチャート
から 3 2024 まで 4 2024
US Dollar vs CHF (FX:USDCHF)
FXチャート
から 4 2023 まで 4 2024
