The results of the Institute of Supply Management-Chicago's business survey for July have been released at 9:45 am ET. The business barometer index based on the survey edged up to 53.7 in July from 52.9 in June. Economists had expected a reading of 52.5.
The US dollar held steady versus its major rivals following the report. As of 9:47 am ET, the dollar was trading at 1.5655 against the sterling, 1.2290 versus the euro, 78.25 against the yen and 0.9780 against the Swiss franc.
Looking ahead, the Conference Board is scheduled to release its consumer confidence report for July at 10:00 am ET. The report, which is based on a survey of 5,000 U.S. households, is expected to show that the consumer confidence index declined to 61.5 in July from 62 in June.
by RTT Staff Writer
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