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3 Jul 2014
USD on a firmer footing - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, notes the firmer tone from the greenback after yesterday;s releases.
Key Quotes
"The US dollar has remained stronger in the Asian trading session with USD/JPY rising back towards the 102.00-level. The US dollar strengthened modestly yesterday following the release of the stronger than expected ADP survey which estimated that the private sector added 281k jobs in June which was the highest survey reading since November 2012."
"On that occasion the actual non-farm private payroll gain was 211k, which is the most recently revised figure. The acceleration in private employment growth in the ADP survey was driven by increased hiring by small and medium-sized firms which is a further reassuring sign that the US economic recovery is strengthening. Small firms added 117k jobs in June which is the highest survey reading since February 2012."
Key Quotes
"The US dollar has remained stronger in the Asian trading session with USD/JPY rising back towards the 102.00-level. The US dollar strengthened modestly yesterday following the release of the stronger than expected ADP survey which estimated that the private sector added 281k jobs in June which was the highest survey reading since November 2012."
"On that occasion the actual non-farm private payroll gain was 211k, which is the most recently revised figure. The acceleration in private employment growth in the ADP survey was driven by increased hiring by small and medium-sized firms which is a further reassuring sign that the US economic recovery is strengthening. Small firms added 117k jobs in June which is the highest survey reading since February 2012."