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USD Overview (10 July 2020)

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

The U.S. Unemployment Claims data (Actual: 1314K, Forecast: 1375K, Previous: 1413K revised from 1427K) released yesterday indicated a drop in the number of claims for unemployment benefits last week.

Also, the U.S. Supreme Court has temporarily blocked congressional investigators from gaining access to President Trump’s personal financial records. However, the court ruled 7-2 that President Trump cannot keep tax and financial records from a Manhattan prosecutor who is investigating alleged hush-money payments during the 2016 Presidential Campaign.

The Core PPI m/m data will be released later at 2030 (SGT).
  • Core PPI m/m (Forecast: 0.1%, Previous: -0.1%)
  • PPI m/m (Forecast: 0.4%, Previous: 0.4%)

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