ByJin Dao Tai
JUN 4, 2021
Yesterday, USD strengthened against all major currencies.
The IHS Markit Final Services PMI data (Actual: 70.4, Forecast: 70.1, Previous: 70.1) released yesterday indicated a slight upward revision in the rate of expansion of the services sector in May.
Also, the ISM Services PMI data (Actual: 64.0, Forecast: 63.0, Previous: 62.7) released yesterday indicated an increase in the rate of expansion of the services sector in May.
Federal Reserve Chairman Powell will be speaking later at 1900 (GMT+8). During this time, there may be volatility in USD.
The U.S. jobs report will be released later at 2030 (GMT+8).
- Average Hourly Earnings m/m (Forecast: 0.2%, Previous: 0.7%)
- Non-Farm Employment Change (Forecast: 645K, Previous: 266K)
- Unemployment Rate (Forecast: 5.9%, Previous: 6.1%)
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