USD Overview (16 June 2020)

Yesterday, USD weakened against most major currencies except JPY.

Earlier today, the Federal Reserve announced that they will begin to purchase up to $750 billion worth of corporate bonds to support market liquidity and the availability of credit for large employers.

Retail sales data will be released later at 2030 (SGT).

• Core Retail Sales m/m (Forecast: 5.5%, Previous: -17.2%)
  
• Retail Sales m/m (Forecast: 7.9%, Previous: -16.4%)
  

Federal Reserve Chairman Jerome Powell will be testifying on the recently released Monetary Policy Report later at 2200 (SGT).