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.
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