The dollar index (DXY) fell 0.12% after the weekly ADP employment report showed the fewest new jobs added in five weeks, triggering declines in T-note yields. The softer ADP print is a dovish signal for Fed policy, weighing on the dollar and easing near-term rate expectations.
The dollar index (DXY) fell 0.12% after the weekly ADP employment report showed the fewest new jobs added in five weeks, triggering declines in T-note yields. The softer ADP print is a dovish signal for Fed policy, weighing on the dollar and easing near-term rate expectations.
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