Trump's Tariffs Policies bolstered the Dollar strength against Rivals

Daily Update - 5th September 2018

Yesterday’s Market

• GBP PMI Construction
• USD Markit Manufacturing PMI, ISM Prices Paid

Yesterday’s Focus

US Aug Markit Manufacturing reports came out positive along with a 14 year high ISM manufacturing PMI boosting the Dollar against Rival Currencies. The pound has fallen recently amid weak economic data, majorly doubts over Prime Minister Theresa May's leadership and opposition from the European Union to Britain's proposals for exiting the region.

 

Today’s Market

• EUR Markit Services PMI, ECB Praet’s Speech
• GBP Markit Services PMI
• USD Trade balance & Durable Goods

Today’s Focus

Markit Services reports from Eurozone is a prime indicator of the economic growth which could drive the Euro against the Dollar. ECB executive board member Praet’s speech will give an indication about the policies and strategies of Eurozone against the ongoing trade wars and sanctions. US trade balance and goods report will indicate the Trade Balance status amidst Trade Wars conflicts arising between US to other Markets.