The ADP Employment report showed a contraction of 742k jobs for the month of March.
The report shows that it’s mostly small and medium businesses making the cuts.
The US Dollar is mixed as traders lie in wait for the nonfarm payroll report for the “official numbers”. There is talk circulating that we may be at a medium term bottom for all this turmoil. If the world were to suddenly become financially stable, we would ironically probably see a drop in the dollar as the flight to saftey eases. We could also see a meaningful bottom in the Yen.
The report shows that it’s mostly small and medium businesses making the cuts.
The US Dollar is mixed as traders lie in wait for the nonfarm payroll report for the “official numbers”. There is talk circulating that we may be at a medium term bottom for all this turmoil. If the world were to suddenly become financially stable, we would ironically probably see a drop in the dollar as the flight to saftey eases. We could also see a meaningful bottom in the Yen.
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