USD Overview (03 August 2020)
Last Friday, USD strengthened against most major currencies except EUR, NZD and CAD.
The Chicago PMI data (Actual: 51.9, Forecast: 44.0, Previous: 36.6) released last Friday indicated a recovery in business activities in Chicago from ten consecutive months of contraction.
Also, the Revised UoM Consumer Sentiment data (Actual: 72.5, Forecast: 72.9, Previous: 73.2) released indicated a slight decline in the final reading from the initial reading for July as consumers are getting worried over the rise in COVID-19 cases and the expired enhanced unemployment benefits.
The U.S. ISM Manufacturing PMI data (Forecast: 53.6, Previous: 52.6) will be released later at 2200 (SGT).
The Chicago PMI data (Actual: 51.9, Forecast: 44.0, Previous: 36.6) released last Friday indicated a recovery in business activities in Chicago from ten consecutive months of contraction.
Also, the Revised UoM Consumer Sentiment data (Actual: 72.5, Forecast: 72.9, Previous: 73.2) released indicated a slight decline in the final reading from the initial reading for July as consumers are getting worried over the rise in COVID-19 cases and the expired enhanced unemployment benefits.
The U.S. ISM Manufacturing PMI data (Forecast: 53.6, Previous: 52.6) will be released later at 2200 (SGT).
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