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.