JinDao_Tai

USD Overview (17 December 2021)

TVC:DXY   U.S. Dollar Index
Yesterday, USD weakened against all major currencies.

The housing data released yesterday indicated an increase in the number of issued building approvals and the number of residential buildings that began construction.
  • Building Permit (Actual: 1.71M, Forecast: 1.66M, Previous: 1.65M)
  • Housing Starts (Actual: 1.68M, Forecast: 1.57M, Previous: 1.50M revised from 1.52M)

Also, the flash PMI data released indicated a slight slowdown in business activities in December.
  • Flash Manufacturing PMI (Actual: 57.8, Forecast: 58.6, Previous: 58.3 revised from 59.1)
  • Flash Services PMI (Actual: 57.5, Forecast: 58.9, Previous: 58.0 revised from 57.0)

FOMC committee member Waller will be speaking tomorrow at 0200 (GMT+8).
During this time, there may be volatility in USD.

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