Yesterday, USD strengthened against most major currencies except NZD.
The ADP Non-Farm Employment Change data (Actual: 330K, Forecast: 645K, Previous: 680K revised from 692K) released yesterday indicated a strong slowdown in jobs creation in July likely due to the concern over the spreading of the COVID Delta variant.
The ISM Services PMI data (Actual: 64.1, Forecast: 60.5, Previous: 60.1) released yesterday indicated the fastest pace in the rate of expansion of the services sector in 15 years.
During his speech yesterday, FOMC committee member Clarida said that he expects the central bank to announce quantitative easing (QE) tapering later this year and will be supporting its announcement.
In an interview, FOMC committee member Kaplan said that he supports the idea of tapering QE soon as long as the jobs report for the months of July and August are showing progress.
FOMC committee member Waller will be speaking later at 2200 (GMT+8). During this time, there may be volatility in USD.
The ADP Non-Farm Employment Change data (Actual: 330K, Forecast: 645K, Previous: 680K revised from 692K) released yesterday indicated a strong slowdown in jobs creation in July likely due to the concern over the spreading of the COVID Delta variant.
The ISM Services PMI data (Actual: 64.1, Forecast: 60.5, Previous: 60.1) released yesterday indicated the fastest pace in the rate of expansion of the services sector in 15 years.
During his speech yesterday, FOMC committee member Clarida said that he expects the central bank to announce quantitative easing (QE) tapering later this year and will be supporting its announcement.
In an interview, FOMC committee member Kaplan said that he supports the idea of tapering QE soon as long as the jobs report for the months of July and August are showing progress.
FOMC committee member Waller will be speaking later at 2200 (GMT+8). During this time, there may be volatility in USD.
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