A quiet but US-heavy day sits ahead, with three medium-impact prints on the docket. All times are UTC.
United States
The ISM Services PMI at 14:00 UTC is the session’s marquee release. It surveys purchasing managers across the services sector, where the bulk of US activity sits. The forecast is 54.2, a touch above the prior 54.1, keeping the reading in expansion territory above the 50 line. It matters for the USD.
Ahead of that, Unemployment Claims land at 12:30 UTC. The weekly count of new filings for jobless benefits is expected at 205K, marginally above the previous 203K. As a high-frequency labor gauge it carries USD relevance, particularly with the ISM following 90 minutes later.
Switzerland
The day opens early with Swiss CPI m/m at 06:30 UTC. The inflation measure is forecast at 0.0%, an improvement from the prior -0.1%, which would mark a move out of monthly deflation. It bears on the CHF.
What to watch
The two US releases cluster in the early afternoon UTC window, making the 12:30 to 14:00 stretch the session’s focal point for the dollar.
