Here is what you need to know on Thursday, August 22: Following a recovery attempt seen in the first half of the day on Wednesday, the US Dollar Index turned south in the American session and closed the fourth consecutive day in negative territory.
During the European trading hours on Thursday, preliminary August HCOB Manufacturing and Services PMI data from Germany and the Euro area, alongside the S&P Global/CIPS PMI figures,will be scrutinized by market participants. Later in the day, weekly Initial Jobless Claims, Existing Home Sales and S&P Global PMI data will be featured in the US economic docket. US Dollar PRICE This week The table below shows the percentage change of US Dollar against listed major currencies this week.
During the Asian trading hours, the data from Australia showed that the Judo Bank Composite PMI improved to 51.4 in August's flash estimate from 49.9 in July. This reading failed to trigger a noticeable reaction in AUD/USD, which continues to move sideways at around 0.6750. EUR/USD climbed above 1.1170 on Wednesday and touched its highest level since July 2023 before going into a consolidation phase early Thursday. At the time of press, the pair was virtually unchanged on the day at 1.1150.
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