Philadelphia Federal Reserve's business outlook survey results showed that business conditions fell to 5.2 percent in May. The consensus expectations called for an increase in the business conditions index to 2.2 in May compared to 1.3 in April.
The US dollar edged lower against its major counterparts after the data. As of 10:03 am ET, the greenback was trading at 0.9594 against the Swiss franc, 1.2924 against the euro, 102.18 against the yen and 1.5294 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.