Results of the New York Federal Reserve's manufacturing survey showed that the headline index climbed to 7.8 in June, compared to expectations for a 0.5 percent gains following a reading of 1.43 in May.
The dollar inched higher versus most of its major rivals following the report, trading as high as 1.3328 against the euro, 94.89 against the yen, 0.9230 against the Swiss franc and 1.5732 against the pound.
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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.