U.S. Chicago PMI rose to 49.4 in June from 46.2 in May, yet coming below analysts’ forecast of 50.
Despite the improvement in the business activity of U.S. Midwest, the indicator is still below the 50 benchmark, which indicates contraction.
Consumer confidence in U.S. climbed to 101.4 in June from a downwardly revised of 94.6 in May. Analysts had predicted a rise to 97.1.
As of 14:27 GMT, the dollar index, which tracks the green currency’s movements versus a basket of major currencies, pared some of its earlier losses to trade at 95.38 after hitting a bottom of 95.
Investors’ focus to remain on U.S. economic reports to track the health of the economy, as the Fed has linked any change in monetary policy, more specifically raising interest rates to the progress in the economy.