U.S. DOLLAR ANALYSIS
568K ADP print favors further dollar gains.
Higher yields giving impetus to further dollar upside.
Focus shifts to Friday’s NFP data.
DOLLAR FUNDAMENTAL BACKDROP
ADP SURPASSES EXPECTATIONS
The ADP employment change data for September hit 568K, significantly exceeding forecasts. Leading up to the ADP announcement, the U.S. dollar index lessened slightly as markets awaited the data print but quickly regained its upside momentum. A
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