Palladium rebounds from seven-week low, dollar plumbs one-week trough

Palladium prices rose in American trade away from May 2 lows, as the dollar index touched June 14 lows, following earlier data from the US, the world's largest economy. 

As of 04:30 GMT, palladium prices rose 0.37% to $956.82 an ounce from the opening of $953.25, while the dollar index slipped 0.17% to 94.70 from the opening of 94.86. 

Earlier US data showed the preliminary reading for the services PMI down to 56.5 in June from 56.8 in May, beating forecasts of 54.9, while the manufacturing PMI slipped to 54.6 from 56.4, missing forecasts of 56.3.