The American resumes growth

Data on the change in the number of employed in the non-agricultural sector of the US from ADP significantly exceeded market expectations, thereby providing support to the US currency. Data on employment for March from ADP unexpectedly amounted to 241K, which corresponds to a very high level of recent months.

Also, this report significantly increased the expectations of the relative Friday report on employment in the US, which significantly influences the US economy.

Despite the positive data on employment in the US and the safety of the upward trend on the dollar index, the further strengthening of the American remains difficult because of the persisting risks and negative dynamics of the stock indices. As a result, the level of 90.20-30 is a significant resistance. With the positive start of the US stock markets, the further strengthening of the American is possible, and as a result, the resumption of the uptrend.

The index of the US dollar. The current price is 90.20.

Hanzenko Anton