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BBDXY Has Brief And Limited Look Through Yesterday’s Low

USD

Softer than expected headline ADP employment gains briefly push the BBDXY through yesterday’s low, but the move is brief and shallow owing to positive revisions re: the prior month’s reading, which more than offset the headline miss vs. broader expectations.

  • USD was already on the defensive pre-data, likely aided by news that the Chinese city of Shenzhen will be loosening home-buying mortgage requirements.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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