ByJin Dao Tai
JUN 24, 2021
Yesterday, USD strengthened against most major currencies except GBP, AUD and NZD.
The flash PMI data released yesterday indicated continued expansion in the manufacturing sector despite the existing supplier delays and difficulties in finding suitable workers. The services sector continues to expand albeit at a slower pace.
- Flash Manufacturing PMI (Actual: 62.5, Forecast: 61.5, Previous: 62.1 revised from 61.5)
- Flash Services PMI (Actual: 64.8, Forecast: 70.0, Previous: 70.4 revised from 70.1)
The New Home Sales data (Actual: 769K, Forecast: 864K, Previous: 817K revised from 863K) released yesterday indicated a decline in the number of new single-family homes being sold in May.
The Final GDP q/q data (Forecast: 6.4%, Previous: 6.4%) will be released later at 2030 (GMT+8).
Also at the same time, the Unemployment Claims data (Forecast: 382K, Previous: 412K) will be released.
FOMC member Bostic will be speaking later at 2130 (GMT+8).
Also, FOMC member Williams will be speaking at 2300 (GMT+8).
During these times, there may be volatility in USD.
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