1450 GMT - The dollar is vulnerable to any weakness in U.S. economic data, say HSBC analysts in a currency outlook. The dollar is likely to react more to weak economic data than to stronger data, they say. Friday's monthly jobs figures and Wednesday's services ISM data will be key. Monday's weak manufacturing ISM index, which dropped to 48.6 in May, caused the dollar to extend losses. The DXY dollar index falls 0.7% after the data to a six-week low of 98.612. Many investors are looking for new catalysts for the dollar to resume a downward trend, HSBC says. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
June 02, 2025 10:50 ET (14:50 GMT)
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