USD Overview (03 May 2021)

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USD Overview (03 May 2021)

ByJin Dao Tai

 MAY 3, 2021

Last Friday, USD strengthened all major currencies.

The Revised UoM Consumer Sentiment data (Actual: 88.3Forecast: 87.3Previous: 86.5) released last Friday indicated an upward revision in the level of optimism from the surveyed consumers on the current and future economic conditions of the U.S.

The ISM Manufacturing PMI data (Forecast: 65.0Previous: 64.7) will be released later at 2200 (SGT). Federal Reserve Chairman Powell will be speaking tomorrow at 0220 (SGT). During this time, there may be volatility in USD.

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