USD Overview (13 November 2020)

Yesterday, USD strengthened against most major currencies except EUR, JPY and CHF.

During his speech yesterday, Fed Chairman Powell expressed optimism in the U.S. economy, saying that the recovery has been faster than expected. He also highlighted that the coming months will be challenging with the spread of COVID-19.

The CPI m/m data released yesterday indicated no change in inflation in October.

• CPI m/m (Actual: 0.0%, Forecast: 0.1%, Previous: 0.2%)
  
• Core CPI m/m (Actual: 0.0%, Forecast: 0.2%, Previous: 0.2%)
  

The PPI m/m data will be released later at 2130 (SGT).

• Core PPI m/m (Forecast: 0.2%, Previous: 0.4%)
  
• PPI m/m (Forecast: 0.2%, Previous: 0.4%)
  

Also, the Preliminary UoM Consumer Sentiment data (Forecast: 82.1, Previous: 81.8 revised from 81.2) will be released later at 2300 (SGT).