Forex Today: US Dollar Weakens Ahead of Key May PMI Data and Central Bank Remarks

Forex Today: US Dollar Softens Ahead of Key PMI Data and Central Bank Commentary

US Dollar Starts June Week Lower as Market Awaits May ISM Manufacturing PMI

The US Dollar (USD) opened the trading week on a softer note against major global currencies on Monday, June 2. Market participants are closely watching the release of the ISM Manufacturing Purchasing Managers’ Index (PMI) for May, scheduled later in the day, which is expected to influence short-term currency movements.

Central Bank Officials’ Comments to Shape Market Sentiment

In addition to the PMI data, traders will also focus on remarks from central bank officials that could provide fresh insights into monetary policy outlooks. These comments may add volatility and impact the US Dollar’s performance in the near term.

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