March 31, 2010

 

Dollar Unable to Recover after Bad ADP Jobs Report

The U.S. Dollar traded sharply lower on Wednesday against the European currencies and gave back most of its gains against the others following a weaker than expected U.S.
ADP private jobs data report. Traders could be feeling that the poor employment number is a sign that the recovery is not as strong as previously forecast and that the Fed is still months away from
an …