At 4:00 AM May Eurozone Services PMI (exp 57.1, prev 57.0)
At 4:30 AM UK May Services PMI (exp 57.0, prev 57.2)
At 5:00 AM Eurozone April Retail Sales m/m (exp 0.5%, prev 0.5%)
Eurozone April Retail Sales y/y (exp 2.0%, prev 2.6%)
At 10:00 AM US May non-manufacturing ISM (exp 55.3, prev 56.0)
The greenback is softer across the board, drifting to new 30-year lows against the Canadian dollar and falling back toward the 1.35-level versus the euro. The focus for the week continues to be global central bank policy, given decisions from the ECB, RBA and BoE.
The US economic calendar is light for the coming session, with the release of the May non-manufacturing ISM report – forecasted to slip to 55.3 versus 56.0 from a month earlier.
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