JinDao_Tai

USD Overview (06 January 2022)

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

The U.S. ADP Non-Farm Employment Change data (Actual: 807K, Forecast: 405K, Previous: 505K revised from 534K) released yesterday indicated a strong rise in employment in December.

In the released meeting minutes, the FOMC highlighted that it is planning to start selling off its bonds once interest rate hike begins.

The U.S. ISM Services PMI data (Forecast: 67.0, Previous: 69.1) will be released later at 2300 (GMT+8).

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