JinDao_Tai

USD Overview (24 November 2020)

TVC:DXY   U.S. Dollar Index
Yesterday, USD strengthened against most major currencies except GBP and CAD.

The U.S. flash PMI data released yesterday indicated that in November, both the manufacturing and services sectors expanded at the fastest pace in more than five-and-a-half years amid hopes of a COVID-19 vaccine and the end of the U.S. Presidential Election uncertainty.
  • Flash Manufacturing PMI (Actual: 56.7, Forecast: 52.5, Previous: 53.4 revised from 53.3)
  • Flash Services PMI (Actual: 57.7, Forecast: 55.8, Previous: 56.9 revised from 56.0)
Also, it was reported that President-Elect Joe Biden will be nominating former Federal Reserve Chairwomen Janet Yellen for Treasury Secretary.

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