Yesterday, USD strengthened against most major currencies except GBP, EUR and CHF.
The Conference Board Consumer Confidence data (Actual: 121.7, Forecast: 112.0, Previous: 109 revised from 109.7) released yesterday indicated a strong increase in the level of optimism from the surveyed households on the current and future U.S. economic conditions.
The U.S. Federal Reserve will be announcing their monetary policy decision tomorrow at 0200 (SGT). It is expected that the central bank will be holding its monetary policy unchanged. Nonetheless, with the U.S. progressing well in its economic recovery, pay attention to any hints the Fed may give on cutting back its quantitative easing.
The central bank will also be holding a press conference at 0230 (SGT). During this time, volatility is expected in USD.
The Conference Board Consumer Confidence data (Actual: 121.7, Forecast: 112.0, Previous: 109 revised from 109.7) released yesterday indicated a strong increase in the level of optimism from the surveyed households on the current and future U.S. economic conditions.
The U.S. Federal Reserve will be announcing their monetary policy decision tomorrow at 0200 (SGT). It is expected that the central bank will be holding its monetary policy unchanged. Nonetheless, with the U.S. progressing well in its economic recovery, pay attention to any hints the Fed may give on cutting back its quantitative easing.
The central bank will also be holding a press conference at 0230 (SGT). During this time, volatility is expected in USD.
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