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BBDXY Only Sees Brief Look Through Yesterday's Low On Softer Than Exp. ADP

USD

BBDXY gaps lower on the softer than expected headline ADP employment release, with FOMC-dated OIS softening a touch in initial reaction (more on that to come).

  • Still, the move in the BBDXY doesn’t push meaningfully beyond yesterday’s base in the first instance, despite a brief piercing, with the index already back from initial post-ADP lows.
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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