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.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com