- S&P Global Manufacturing PMI falls to 57.0 in May, but to the preliminary estimate of 57.5.
- In minutes, the Manufacturing ISM.
- The dollar rises in the market at the start of May.
The S&P Global Manufacturing PMI fell in May to 57.0, from April 59.2; and involved a downward revision from the 57.5 preliminary estimate.
The details of the report indicate a slowdown in new orders and in production. The inflation costs registered the most important rise since the peak of November 2021. business confidence fell to the lowest level since October 2020.
In minutes you will know andl ISM Manufacturing PMI for May, and the construction expense report. In the American afternoon, the Federal Reserve will publish the Beige Book on the state of the economy.
The dollar gained momentum after the opening of Wall Street and in the last hour before a decline in shares. DXY rises and approaches Tuesday’s highs.
Source: Fx Street
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