020 7898 0500Positivity continued for the US dollar on Wednesday, as it strengthened against both sterling and the euro. The ADP non-farm employment change figure was 200,000 and better than expected (an indicator for the influential non-farm payroll figures due on Friday) was the key driver in yesterday’s US dollar strength.
We also have the weekly unemployment claims due out today, which is expected to be a stable figure, and the ISM manufacturing Purchasing Managers’ Index (PMI) which is expected to drop against last month and just about show growth in the sector. Eyes however will be on Friday and the non-Farm employment change, which is expected to be positive.
