Forex Today: USD Recovered as Fed Hints at Tight Policy

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Forex Today: USD Recovered as Fed Hints at Tight Policy
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Forex Today: US Dollar Recovered as Fed Hints at Tighter Policy Federalreserve Policy USD

Manufacturing and Services PMI survey results yesterday for the USA, the UK, Germany, and France were mixed but skewed towards undershooting expectations, suggesting consumer demand is dropping off.

There are no major data releases scheduled today, but tomorrow will see major events with the release of US Preliminary GDP data and the first day of the Jackson Hole Symposium of central bankers.It is estimated that 67.5% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 7.6% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.

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