Yesterday, USD weakened against most major currencies except EUR, JPY and CHF.
The ADP Non-Farm Employment Change data (Actual: 475K, Forecast: 378K, Previous: 501K revised from -301K) released yesterday indicated a higher than expected increase in jobs in February.
The ISM Services PMI data (Forecast: 61.2, Previous: 59.9) will be released later at 2300 (GMT+8).
During his testimony yesterday, FOMC Chairman Powell said that a 0.25% interest rate hike in March is still appropriate amid the ongoing Russian-Ukraine war. Also, he highlighted that if inflation in the U.S. continues to rise higher, the central bank may consider a 0.50% hike.
The ADP Non-Farm Employment Change data (Actual: 475K, Forecast: 378K, Previous: 501K revised from -301K) released yesterday indicated a higher than expected increase in jobs in February.
The ISM Services PMI data (Forecast: 61.2, Previous: 59.9) will be released later at 2300 (GMT+8).
During his testimony yesterday, FOMC Chairman Powell said that a 0.25% interest rate hike in March is still appropriate amid the ongoing Russian-Ukraine war. Also, he highlighted that if inflation in the U.S. continues to rise higher, the central bank may consider a 0.50% hike.