Forex Today: US Dollar holds firm as focus shifts to ADP employment data – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
The data from the US showed on Tuesday that the business activity in the manufacturing sector continued to contract in July and the number of job openings on the last business day of June declined to 9.58 million. Although DXY retreated from the multi-week high it touched above 102.40 after these data, it closed the day in positive territory.
The data from New Zealand showed on Wednesday that the Unemployment Rate rose to 3.6% in the second quarter from 3.4% in the first quarter. In the same period, the Participation Rate increased to 72.4% from 72% and the Labor Cost Index rose 1.1% on a quarterly basis.extended its slide in the Asian session and was last seen trading at its lowest level in a month near 0.6100.recovered above 1.
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