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Here is what you need to know on Wednesday, June 5: Following the sharp decline seen on Monday, the US Dollar (USD) Index edged slightly higher on Tuesday but failed to gather momentum amid retreating US Treasury bond yields. The US economic docket will feature ADP Employment Change and the ISM Services PMI data for May on Wednesday. In the American session, the Bank of Canada (BoC) will announce monetary policy decisions as well. The data from the US showed on Tuesday that JOLTS Job Openings declined to 8.059 million in April from 8.35 million in March. On a positive note, Factory Orders expanded by 0.7% on a monthly basis in April, matching March’s increase. The bearish opening seen in Wall Street helped the USD hold its ground against its rivals in the early American session. With the benchmark 10-year US Treasury bond yield falling more than 1% on the day, however, the USD struggled to gather further strength. Early Wednesday, the 10-year yield recovers modestly but remains below 4.4%. Meanwhile, US stock index futures trade marginally higher on the day, while the USD Index holds steady above 104.00. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the Swiss Franc.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.26% -0.22% -0.86% 0.34% -0.03% -0.76% -1.28% EUR 0.26%   0.07% -0.59% 0.63% 0.10% -0.51% -1.03% GBP 0.22% -0.07%   -0.60% 0.55% 0.10% -0.63% -1.10% JPY 0.86% 0.59% 0.60%   1.19% 0.87% 0.24% -0.25% CAD -0.34% -0.63% -0.55% -1.19%   -0.41% -1.12% -1.63% AUD 0.03% -0.10% -0.10% -0.87% 0.41%   -0.61% -1.19% NZD 0.76% 0.51% 0.63% -0.24% 1.12% 0.61%   -0.56% CHF 1.28% 1.03% 1.10% 0.25% 1.63% 1.19% 0.56%…

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Filed under: News - @ June 5, 2024 7:24 am