USD Overview (14 May 2021)

Yesterday, USD weakened against most major currencies except CAD and GBP.

The Unemployment Claims data (Actual: 473K, Forecast: 487K, Previous: 507K revised from 498K) released yesterday indicated continued decline in the number of people claiming for unemployment benefit in April. Unemployment claims also fell to the lowest level since 14 March 2020, the period when the pandemic started.

The Retail Sales m/m data will be released later 2030 (SGT).

• Core Retail Sales m/m (Forecast: 0.5%, Previous: 8.4%)
  
• Retail Sales m/m (Forecast: 1.0%, Previous: 9.8%)
  

The Preliminary UoM Consumer Sentiment data (Forecast: 90.2, Previous: 88.3 revised from 86.5) will be released later at 2200 (SGT).