USD Overview (15 January 2021)

Yesterday, USD weakened against most major currencies except EUR.

Earlier today, President-elect Joe Biden announced the details of the $1.9 trillion COVID-19 rescue package.

The Retail Sales m/m data will be released later at 2130 (SGT).

• Core Retail Sales m/m (Forecast: -0.1%, Previous: -0.9%)
  
• Retail Sales m/m (Forecast: 0.0%, Previous: -1.1%)
  

The Preliminary UoM Consumer Sentiment data (Forecast: 79.5, Previous: 80.7 revised from 81.4) will be released later at 2300 (SGT).

U.S. banks will be closed in observance of Martin Luther King Day next Monday. Expect lower trading volatility and volume during the U.S. market session.