USD Overview (31 July 2020)

Yesterday, USD weakened against most major currencies except CAD.

The Advance GDP q/q data (Actual: -32.9%, Forecast: -34.5%, Previous: -5.0% revised from -4.8%) released yesterday indicated a strong negative growth in the U.S. economy in the second quarter of 2020.

The Chicago PMI data (Forecast: 44.0, Previous: 36.6) will be released later at 2145 ( SGT ).

Also, the Revised UoM Consumer Sentiment data (Forecast: 72.9, Previous: 73.2) will be released later at 2200 ( SGT ).