June 3st, European session

In trading in Europe, major currencies are trading in the red, except for the British pound. The greatest losses against the US dollar are incurred by the Australian dollar (-0.28%). He came under pressure after the release of the morning statistics on Australia and China. Other currencies followed the Australian and New Zealand dollars. With the opening of trading in Europe, the fall intensified due to the rise in the yield of 10-year US bonds. The euro fell to the level of 1.2179.

Caixin's purchasing managers' index fell to 55.1 in May from a four-month high of 56.3 in April. AIG's construction PMI in Australia stood at 58.3 in May against 59.1 in April. The PMI in the services sector for May fell to 58.0 from 58.8 a month earlier.

The fall of the EUR / USD pair stopped after the release of PMI indices in European countries. The index of business activity in the services sector of the euro area for May 55.2 (the forecast was 55.1). The index of business activity in the service sector in Germany in May was 52.8 (the forecast was 52.8). The Briton accelerated to 1.4203 after the release of the PMI in the services sector. In May, the index rose to 62.9 from 61.8 (the forecast was 61.8).

The rise in European indices is due to the partial lifting of restrictions due to mass vaccinations and a decrease in the number of registered daily cases of COVID-19. The focus remains on the ADP index and the US service sector PMI for May.

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