TD Securities: US ISM Manufacturing to Edge Down, JOLTS Elevated

TD Securities analysts preview upcoming US economic indicators, focusing on the June ISM Manufacturing index, which is expected to edge lower. Meanwhile, JOLTS job openings are noted to be still elevated, though the full details are not provided in the initial note.

These labor market and sentiment metrics are seen as key inputs for the near-term direction of the US dollar. The combination of slowing manufacturing activity and persistent labor demand leaves the outlook contingent on further data releases.