Forex daily Analysis by FBS
Forex today: no significant movements
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05.06.2018
On Monday, the US dollar index tested lows near $93.60. Tuesday’s trading isn’t extensive, but the index is at $94. ISM non-manufacturing PMI (17:00 MT time) should support the greenback. The forecast is positive, if the actual data is greater, the greenback will rise.
The euro’s trading isn’t extensive. Traders are looking at European economic data. The data are mixed, as a result, EUR/USD doesn’t show an accurate direction. The pair is trading near 1.17. More economic data will be released during the day. The further movement will depend on them. The euro is anticipated to trade within 1.1650-1.1750.
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