USD trades mixed versus majors. Economists at Scotiabank analyze how US data could impact the greenback.US data reports are dominated by employment figures – ADP data is expected to reflect a gain of 225K in private sector jobs in June while weekly claims are forecast to rise modestly. We also get Trade numbers, final S&P PMI Services and Composite data and the June ISM Services Index.
Firm data may give the USD a lift but short-term patterns in the DXY suggest gains are becoming a bit of a grind and the Dollar may find it hard to extend through the 103.50 area. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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