Daily digest market movers: DXY extends gains amid mixed economic signals
- ISM Services PMI for May recovered to 53.8, exceeding the market expectation of 50.8 and marking considerable growth from April's reading of 49.4.
- ADP Employment Change report shows US private sector employment rose by 152K in May.
- This increase falls short of the market expectation of 173K and lower than the revised 188K additions in April.
- Likelihood of interest rate cuts in June and July remain low, while those odds stand at around 60% for September.
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