USD Overview (23 February 2022)

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Yesterday, USD strengthened against most major currencies except EUR, AUD and NZD.

The flash PMI data released yesterday indicated a faster pace of expansion in business activities in February.
- Flash Manufacturing PMI (Actual: 57.5, Forecast: 56.2, Previous: 55.5 revised from 55.0)
- Flash Services PMI (Actual: 56.7, Forecast: 53.2, Previous: 51.2 revised from 50.9)

U.S. President Joe Biden announced yesterday that the U.S. will start imposing strict sanctions on Russia amid the latter’s geopolitical tension with Ukraine.

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