The Institute for Supply Management is scheduled to release the results of its non-manufacturing survey at 10 am ET. The non-manufacturing index is likely to show a reading of 56 for April, flat with last month.

The US dollar held steady against its major counterparts ahead of the report. As of now, the greenback is trading at 1.317 against the euro, 1.6177 against the pound, 0.9127 against the franc and 80.47 against the yen.

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