This week was a rare net positive one for the U.S. dollar in its multi-month down trend, possibly supported by better-than-expected U.S. business sentiment data, and net positive economic updates.
Overlay of USD Pairs: 1-Hour Forex Chart
USD Weekly Performance from MarketMilk
United States Headlines and Economic data
Monday:
Fed’s Clarida says rates won’t rise just because unemployment falls
Fed’s Clarida says new inflation-fighting strategy has roots in failure of old approach
Dallas Fed Manufacturing production index slightly lower to 13.1 in August
Bostic: Fed’s tools limited as long as health trajectory remains in doubt
U.S. Senate’s McConnell eyes revamped coronavirus relief bill
Tuesday:
IHS Markit U.S. Manufacturing PMI: Fastest manufacturing expansion since January 2019
ISM Manufacturing PMI: 56.0 in August vs. 54.2 in July
U.S. construction spending almost flat in July: Commerce Department
Wednesday:
Mortgage demand from homebuyers is now 28% higher than last year
Private payrolls grow by 428,000 but miss expectations, ADP report says
Fed’s Barkin says U.S. economy will need sustained support
U.S. factory orders climb 6.4% in July in third straight increase
Pelosi says Democrats, White House have ‘serious differences’ over coronavirus aid after call with Mnuchin
Thursday:
U.S. weekly jobless claims total 881,000, vs 950,000 expected
Fed’s Daly sees ‘no pressing need’ for further rate guidance
Fed’s Daly urges more government spending to boost economy
115,762 Job Cuts in August; Highest Number of Cuts Tracked in a Single Year on Record
IHS Markit U.S. Services PMI: Strongest expansion in business activity since March 2019
U.S. Trade Deficit Swelled to Biggest Since 2008 in July
ISM Services PMI slipped to 56.9 in August vs. 58.1 in July
U.S. second-quarter productivity revised sharply higher; fastest rise since 1971
Friday:
Pence says White House, Congress have reached agreement to avoid shutdown without adding coronavirus relief
U.S. creates 1.4 million jobs in August, unemployment falls to 8.4%
Fed’s Jerome Powell: Jobless Rate Better Than Expected; Recovery To Take A Long Time
China may dump U.S. Treasuries as Sino-U.S. tensions flare: Global Times
Mnuchin, Pelosi reach informal deal to avoid government shutdown
