JinDao_Tai

USD Overview (06 May 2021)

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

The ADP Non-Farm Employment Change data (Actual: 742K, Forecast: 872K, Previous: 565K revised from 517K) released yesterday indicated continued growth in the job market albeit at a lower-than-expected pace.

The ISM Services PMI data (Actual: 62.7, Forecast: 64.2, Previous: 63.7) released yesterday indicated a slight slowdown in the expansion of the services sector in April.

The Unemployment Claims data (Forecast: 540K, Previous: 553K) will be released later at 2030 (SGT).

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