US consumer confidence rose to the multi-month high, USDCNY edged lower as China factory activity grows at a slower pace

US consumer confidence jumped to its highest level in one and a half years. Overnight, major indices on Wall Street, including S&P 500 and Nasdaq Composite, have all hit record high closes. Today in APAC, stock markets are also on the rise, with Chinese blue-chips adding 0.1% and Australia up 0.58%. The strong confidence has provided some support for USD as well, with DXY Index hovering around the level of 92. Later in the day, we will have ADP payroll data as a prelude to the non-farm payrolls on Friday.

USDCNY slightly declined by 0.1% to 6.458. This was due to the relatively weak PMI that China released earlier in the day. Manufacturing PMI landed at 50.9 and was only marginally better than the previous reading at 50.8. It means that factory activity is still growing in China but at a slower pace.