ByJin Dao Tai
JUL 7, 2021
Yesterday, USD strengthened against most major currencies except JPY.
The ISM Services PMI data (Actual: 60.1, Forecast: 63.4, Previous: 64.0) released yesterday indicated a slowdown in the pace of expansion of the services sector.
The Federal Reserve will be releasing the minutes for the previous monetary policy meeting tomorrow at 0200 (GMT+8). More details on the recent hawkishness from the Fed may be indicated in the minutes.
FOMC committee member Bostic will be speaking tomorrow at 0330 (GMT+8). During this time, there may be volatility in USD.
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