Yesterday, USD strengthened against most major currencies except GBP, EUR and CAD.
The ADP Non-Farm Employment Change data (Actual: 517K, Forecast: 522K, Previous: 176K revised from 117K) released yesterday indicated a strong increase in the number of jobs in February driven by the increase in jobs in the leisure and hospitality sector as the economy reopens gradually.
U.S. President Joe Biden announced his $2 trillion infrastructure plan yesterday. This plan will fund the revamping of transportation infrastructure, job training efforts and provide care for the elderlies etc. The spending of the $2 trillion will require a hike in corporate tax rate to 28%.
The ISM Manufacturing PMI data (Forecast: 61.5, Previous: 60.8) will be released later at 2200 (SGT).
The non-farm payroll report will be released tomorrow at 2030 (SGT).
The ADP Non-Farm Employment Change data (Actual: 517K, Forecast: 522K, Previous: 176K revised from 117K) released yesterday indicated a strong increase in the number of jobs in February driven by the increase in jobs in the leisure and hospitality sector as the economy reopens gradually.
U.S. President Joe Biden announced his $2 trillion infrastructure plan yesterday. This plan will fund the revamping of transportation infrastructure, job training efforts and provide care for the elderlies etc. The spending of the $2 trillion will require a hike in corporate tax rate to 28%.
The ISM Manufacturing PMI data (Forecast: 61.5, Previous: 60.8) will be released later at 2200 (SGT).
The non-farm payroll report will be released tomorrow at 2030 (SGT).
- Average Hourly Earnings m/m (Forecast: 0.1%, Previous: 0.2%)
- Non-Farm Employment Change (Forecast: 652K, Previous: 379K)
- Unemployment Rate (Forecast: 6.0%, Previous: 6.2%)
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