USD Overview (16 December 2020)

Yesterday, USD weakened against all major currencies.

The retail sales m/m data will be released later at 2130 (SGT).

• Core Retail Sales m/m (Forecast: 0.1%, Previous: 0.2%)
  
• Retail Sales m/m (Forecast: -0.3%, Previous: 0.3%)
  

The flash PMI data will be released later at 2245 (SGT).

• Flash Manufacturing PMI (Forecast: 55.9, Previous: 56.7)
  
• Flash Services PMI (Forecast: 55.7, Previous: 58.4 revised from 57.7)
  

The Federal Reserve will be announcing their monetary policy decision tomorrow at 0300 (SGT). The central bank is expected to hold interest rate unchanged and provide information on their bond-buying programme. The Fed will also be releasing their economic projections for the U.S. economy. A press conference will also be held at 0330 (SGT). During this time, volatility is expected in USD.