The Us dollar index gained strength after strong
PMI data.

The US S&P Global Composite flash
manufacturing PMI rose to 50.9 in May,
compared to a forecast of 50. While the flash
services PMI surged to 54.8 Vs. Estimate of 51.20.

The number of people who have filed for
unemployment benefits fell by 8000 in the week
ended May 18th to 215000 vs. the Forecast of
220000.

According to the CME Fed watch tool, the
probability of a no-rate cut in June decreased
to 98.70% from 91.1% a week ago

Economic data for the day
US Durable goods orders (12:30 pm GMT)