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    India 2020-04-29 08:57:22
    Technical index USD Overview

    Yesterday, USD weakened against most major currencies except GBP and EUR.
    The U.S. Conference Board Consumer Confidence data (Actual: 86.9, Forecast: 88.3, Previous: 118.8 revised from 120.0) released yesterday was worse than forecasted.
    The U.S. Advance GDP q/q data (Forecast: -4.0%, Previous: 2.1%) will be released later at 2030 (SGT).
    The Federal Open Market Committee (FOMC) will be announcing their interest rate decision tomorrow at 0200 (SGT).
    It is expected that the FOMC will be holding interest rate unchanged at a target range of <0.25%.
    The FOMC may also reiterate and provide more specifics on the recent measures being carried out.
    There will also be a press conference after the decision at 0230 (SGT). During this time, volatility is expected of USD.

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