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    Market analysis USD Overview (23 September 2020)

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    Market analysis:USD Overview (23 September 2020)
    Yesterday, USD strengthened against most major currencies except CAD.

    House Democrats passed a bill yesterday that will fund the government through 11 December, avoiding a shutdown in the government amid the COVID-19 pandemic. The bill will be used to provide assistance to people in need during the pandemic.

    The U.S. flash PMI data will be released later at 2145 (SGT).
    -Flash Manufacturing PMI (Forecast: 52.5, Previous: 53.1 revised from 53.6)
    -Flash Services PMI (Forecast: 54.5, Previous: 55.0 revised from 54.8)

    Federal Reserve Chairman Jerome Powell will be testifying on the economic impacts of COVID-19 before the House Select Committee later at 2200 (SGT). During this time, there may be volatility in the USD.

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