Forex trading news for April 5, 2017
A snapshot of other markets:
– S&P index down -0.31%. Nasdaq down -0.58%. Dow down -0.20%.
– US yields are lower. 2 year 1.226%, -2.6 bp, 10 year 2.33%, -3 bp, 30 year 2.97% -2.1 bp
The dollar got off to a good start today when the ADP employment report showed a gain of 263K vs 185K est. The prior month was revised lower from the 298K oversized gain (to 245K). The two month average of 254K is great at this point of the business cycle. So the dollar moved higher. Stocks also gained at the opening.
Forexlive Americas forex news wrap: FOMC minutes/Washington stagnation send dollar/stocks lower
