Morning FX Market Commentary

Dollar gains on strong US eco data
The post-Fed decline of the dollar was short-lived. Lower US jobless claims and a strong ISM of the manufacturing sector propelled the dollar higher, with USD/JPY outperforming. The decline of EUR/USD was moderate even as ECB’s Draghi kept a soft tone at the press conference. The payrolls will decide today whether the dollar will start a new up-leg.

Read the full report: FX Daily

 

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