• The US Dollar trades firmly higher for the week after late price action. 
• Markets will focus on the  US S&P Global PMI data for June on Friday. 
• The US Dollar index trades in the green and could lock in a third consecutive week of gains. 

The US Dollar (USD) continued edging higher on Friday ahead of the preliminary US S&P Global Purchasing Managers Index (PMI) report for June. The US Dollar shot higher in the last hours, with the Greenback outpacing the Japanese Yen (JPY) again, hitting 159.00 at USD/JPY, whilst tech wale Nvidia dove over 3% and lost $91 billion at the US closing bell. 

On the economic data front, earlier in the day, S&P Global and Hamburg Commercial Bank (HCOB) released the Eurozone PMI data for June, showing lower-than-expected numbers. Manufacturing data further deepened into contraction at 45.6, while the services sector index fell to 52.6 from 53.2 in May. On the US side, traders will especially focus on the services component, as it accounts for two-thirds of the economy. Expectations for the US S&P Global Services PMI range from 55.00 to 52.00, with the previous month’s number at 54.8.