Wednesday, 5 May 2021

US Dollar Muted Following Miss on ISM Services PMI, NFPs Eyed

The US Dollar could struggle to overcome technical resistance following softer-than-expected economic data with both ISM Services PMI and ADP payrolls missing market forecast.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...