Mixed performance for the Greenback as US data comes in mixed, the Fed pushes back on deeper cuts ahead, counter currency flows, and some hesitation from traders as they await the outcome of the G20 meetings.
Overlay of USD Pairs: 1-Hour Forex Chart
United States Headlines and Economic data
Monday:
- Fed’s Kaplan says it’s ‘too early’ to decide if interest rates need to be cut
- A Third Fed Factory Gauge Unexpectedly Drops as Outlook Dims
- Chicago Fed National Activity Index points to a pickup in economic growth in May
Tuesday:
- Philly Fed non-manufacturing index fell 16 points to 12.2 in June
- U.S. Home prices in April were 3.5% higher than a year earlier
- US consumer confidence falls to 121.5 in June, vs. 131.3 in May
- Powell, Bullard dampen market hopes that Fed will deliver half-point interest-rate cut
- U.S. new home sales drop for second straight month
- Richmond manufacturing index dropped slightly from 5 in May to 3 in June
- Fed pushes back on aggressive U.S. rate cut views
Wednesday:
- Durable-goods orders drop 1.3% in May, but business investment picks up in reassuring sign
- Fed’s Daly says next weeks key to weighing case for rate cuts
- The international trade deficit was $74.5 billion in May, up $3.6 billion from $70.9 billion in April
Thursday:
- US economy grew at a solid 3.1% rate in the first quarter
- U.S. pending home sales rise in May
- Pending home sales roar higher, but the housing market is still in low gear
Friday:
- U.S. will sanction any countries that import Iranian oil: special envoy
- Chicago PMI falls into contraction in June
- Consumer sentiment weakens in June on tariff concerns
- Trump says trade talks ‘back on track’ after meeting China’s Xi
