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Dollar rebound slows ahead of the payrolls

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Wednesday, the US ADP reported marginally stronger than expected net private job growth of 214.000. However, it was not enough to support further broad-based USD gains. The dollar set a minor short-term high against the euro with EUR/USD touching 1.0826. Later in US dealings, the dollar fell even prey to profit-taking. The Fed Beige Book reporting mixed conditions across different districts might have been slightly USD negative. EUR/USD closed the session 1.0868, unchanged from Tuesday.

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