USD Overview (28 May 2020)

Yesterday, USD strengthened against all most major currencies and weakened against EUR and CAD.

The Preliminary GDP q/q data (Forecast: -4.8%, Previous: -4.8%) will be released later at 2030 (SGT).

The Core Durable Goods Orders m/m data will also be released at the same time.

• Core Durable Goods Orders m/m (Forecast: -14.8%, Previous: -0.4% revised from -0.2%)
  
• Durable Goods Orders m/m (Forecast: -19.0%, Previous: -14.7% revised from -14.4%)
  

New purchase orders placed with manufacturers for durable goods are expected to plunge in April due to the COVID-19 pandemic.