After staying firm during the Asian and European sessions, the U.S. dollar drifted lower against its major rivals in the New York session on Monday, after a report showed a slowdown in the pace of the nation's service sector growth in May.
Survey data from the Institute for Supply Management showed that services PMI fell to 50.3 in May from 51.9 in April. Economists had expected the index to edge down to 51.5.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.