At 10:00 am ET, the Philadelphia Federal Reserve will release the results of its business outlook survey for May. The consensus expectations call for an increase in the business conditions index to 2.2 in May from 1.3 in April.
The US dollar held steady against its major counterparts ahead of the data. As of 9:55 am ET, the greenback was trading at 0.9617 against the Swiss franc, 1.29 against the euro, 102.18 against the yen and 1.5264 against the pound.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.