XE Market Analysis: USD gains on strong ADP jobs numbers, Italian worries continue

Comments are off

OVERVIEW

  • The US Dollar strengthens as jobs data shows their economy is in good shape.
  • The Pound holds steady as PM Theresa May stays on script on Brexit.
  • The Loonie sinks slightly, but retains the gains made now that the trilateral USMC Agreement is replacing NAFTA.

HIGHLIGHT

The US Dollar is strong against today relative to peer currencies after ADP jobs data exceeded expectations. Fears over Italy is pushing the Euro to the US Dollar lower.