Thursday, October 6, 2016

US data was mixed overnight with softer-than-expected ADP employment forgotten at the release o





FX Research
by Saktiandi Supaat


Quiet Day





US data was mixed overnight with softer-than-expected ADP employment forgotten at the release of the solid ISM non-mfg composite, Sep factory orders and Aug final durable goods order. The data mix kept rate hike expectations intact and increasing monetary policy divergence drove the USDJPY higher. Also overnight, the Department of Energy also reported a fall in the crude inventory which unsurprisingly lifted crude prices. WTI came within striking distance of the U$50-handle before tapering...



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