Uncle Sam is scheduled to print its June ISM manufacturing PMI soon, and upside surprise could boost USD ahead of the NFP release.
Our Event Guide for the ISM Report discussed how the S&P Global flash PMI for the same month indicated a 12-month high in the industry’s jobs component, so there could be a case for stronger than expected results.
Here’s what I’m looking at on USD/JPY and GBP/USD in this scenario.
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