Yesterday, USD weakened against most major currencies except JPY and CHF.
The PPI m/m data released yesterday indicated a slight slowdown in the prices of finished goods and services sold by producers in February.
- PPI m/m (Actual: 0.8%, Forecast: 1.0%, Previous: 1.0%)
- Core PPI m/m (Actual: 0.2%, Forecast: 0.6%, Previous: 0.8%)
The retail sales m/m data will be released later at 2030 (GMT+8).
- Core Retail Sales m/m (Forecast: 0.9%, Previous: 3.3%)
- Retail Sales m/m (Forecast: 0.4%, Previous: 3.8%)
The FOMC will be announcing their monetary policy decision tomorrow at 0200 (GMT+8). The central bank is expected to increase interest rate by 0.25%. However, due to the recent releases of strong U.S. employment and inflation data, it is possible that the FOMC may carry out a hawkish interest rate hike of 0.50%. As a result, this may lead to the strengthening of USD.
A press conference will be held at 0230 (GMT+8). During this time, expect volatility in USD.
The PPI m/m data released yesterday indicated a slight slowdown in the prices of finished goods and services sold by producers in February.
- PPI m/m (Actual: 0.8%, Forecast: 1.0%, Previous: 1.0%)
- Core PPI m/m (Actual: 0.2%, Forecast: 0.6%, Previous: 0.8%)
The retail sales m/m data will be released later at 2030 (GMT+8).
- Core Retail Sales m/m (Forecast: 0.9%, Previous: 3.3%)
- Retail Sales m/m (Forecast: 0.4%, Previous: 3.8%)
The FOMC will be announcing their monetary policy decision tomorrow at 0200 (GMT+8). The central bank is expected to increase interest rate by 0.25%. However, due to the recent releases of strong U.S. employment and inflation data, it is possible that the FOMC may carry out a hawkish interest rate hike of 0.50%. As a result, this may lead to the strengthening of USD.
A press conference will be held at 0230 (GMT+8). During this time, expect volatility in USD.
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