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Cable climbs 100 pips as the US dollar slumps following ADP employment data

The US dollar is broadly weak today as yields give back some gains following a weaker ADP employment report. The US added 89K private jobs in September, lower than the 153K consensus.The market is struggling to figure out what's happening in the jobs picture after yesterday's strong JOLTS data followed by today's soft ADP numbers. Later today we get the ISM services report, which contains an employment metric and on Friday the non-farm payrolls report is due.Most signs point to a resilient US ec... Read More

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Content Topics

Cable

Climbs

Pips

Dollar

Slumps

Following

Employment

Data

Forex

Posted: Oct 4 2023, 12:48

Author Name: forexlive

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