Here is what you need to know on Friday, June 21: The US Dollar stays resilient early Friday after posting gains against its major rivals on Thursday. S&P Global will release preliminary June Manufacturing and Services PMI reports for Germany, the UK, the Eurozone and the US later in the day. May Existing Home Sales from the US and May Retail Sales data from Canada will also be watched closely by market participants ahead of the weekend.
Japanese Finance Minister Shunichi Suzuki said on Friday that he will work with colleagues to mitigate damage to economies from FXfluctuations, adding excessive and disorderly FX moves could hurt economies. Judo Bank Manufacturing PMI in Australia declined to 47.5 in June's flash estimate from 49.7 in May. Services PMI edged lower to 51.0 from 52.5. These readings failed to trigger a noticeable reaction in AUD/USD and the pair was last seen trading in a tight range slightly above 0.6650.
Source: Financial Digest (financialdigest.net)
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