Yesterday’s trading was relatively quiet with only small market movements. The U.S. Dollar advanced slightly against both of our major currencies but failed to show any big moves on the back of mixed economic data. The ISM index fell to its lowest level in 3 months but going into Friday’s Non-Farm Payrolls report, economists are still looking for job growth to hold steady by more than 200K.
Today there are only few important economic data scheduled for release. The U.K. Construction PMI (8:30 GMT) and U.S. Factory Orders (14:00 GMT) could have an impact on the currencies.
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