Yesterday, USD strengthened against GBP, JPY, CHF while weakened against the other major currencies.
The Pending Home Sales m/m data (Actual: 44.3, Forecast: 18.9%, Previous: -21.8%) released yesterday indicated a record recovery in the property market as signed contracts on existing homes spiked in May.
The Chicago PMI data (Forecast: 45.0, Previous: 32.3) will be released later at 2145 (SGT).
The Conference Board Consumer Confidence data (Forecast: 91.6, Previous: 86.6) will be released later at 2200 (SGT).
The Federal Reserve Chairman Jerome Powell will be testifying along with Treasury Secretary Steven Mnuchin before the House Financial Services Committee tomorrow at 0030 (SGT). During this time, there may be volatility in USD.
The Pending Home Sales m/m data (Actual: 44.3, Forecast: 18.9%, Previous: -21.8%) released yesterday indicated a record recovery in the property market as signed contracts on existing homes spiked in May.
The Chicago PMI data (Forecast: 45.0, Previous: 32.3) will be released later at 2145 (SGT).
The Conference Board Consumer Confidence data (Forecast: 91.6, Previous: 86.6) will be released later at 2200 (SGT).
The Federal Reserve Chairman Jerome Powell will be testifying along with Treasury Secretary Steven Mnuchin before the House Financial Services Committee tomorrow at 0030 (SGT). During this time, there may be volatility in USD.
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