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US dollar moves higher after stronger ADP/initial jobless claims data.
The ole 1-2 has hit the markets today with the ADP coming in stronger than expectations and 15 minutes later, the initial jobless claims also came in stronger than expectations. Continuing claims also declined and were stronger than expectations.
Fed's George just weighed in on her views saying she does not see rates coming down until "well into 2024".
Stocks have moved lower as a result. The futures are now implying:
- Dow Industrial Average -193 points
- NASDAQ in... Read More
Posted: Jan 5 2023, 14:03
Author Name: forexlive
Views: 111563