WASHINGTON (Reuters) - U.S. business activity crept up to a 26-month high in June amid a rebound in employment, but price pressures subsided considerably, offering hope that a recent slowdown in inflation was likely to be sustained. S&P Global said on Friday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, nudged up to...

07:47 AM EDT, 06/21/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday ahead of the release of S&P Global's flash readings for manufacturing and services conditions in June at 9:45 am ET, and existing home sales and leading indictors data, both for May, at 10:00 am ET. Weekly natural gas stocks data are due...

06:50 AM EDT, 06/21/2024 (MT Newswires) -- The US dollar was broadly higher in the European morning Friday as risk aversion in global markets and softer PMI surveys weighed on currencies across much of the region. European currencies were the underperformers in the G10 group while the New Zealand dollar and Japanese yen bucked the strong dollar trend, rising alongside...

08:32 AM EDT, 06/21/2024 (MT Newswires) -- The Mexican peso shrugged off a softening of economic activity in April when building gains over the US dollar and most other major currencies going into the North American open on Friday, aided by an ebbing of the greenback's earlier strength. USD/MXN was quoted 0.47% lower around 18.26 after coming under further pressure...