The US dollar is stable. The market ignores data on employment

The US dollar remains stable against the basket of currencies after the publication of data on the change in the number of non-agricultural workers by ADP.

• According to published data, in November the figure was 190K, which is lower than the previous value at 235K, but still exceeds the forecast of analysts at 185K.

This market reaction is connected with the expectation of a key report on employment in the US, which will be published on Friday. It is also worth noting that despite some decrease, the November value is at a rather high level, which will not have a negative impact on the Fed decision to raise the interest rate at the next meeting.

Based on this statistics, the US dollar index still slightly receded from the session high, but still maintains a positive attitude.

Fig. Graph of the US dollar index. Current price DXY – 93.271

Alexander Sivtsov