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After a relatively calm period, the Euro exploded into life against the dollar on Wednesday. Trading conditions remained subdued initially with pressure on the ECB increased by downward pressure on prices within the latest Euro-zone PMI data. The US ADP employment data was stronger than expected with reported private-sector jobs gain of 205,000 for January following an upwardly-revised gain of 267,000 previously. In contrast, the ISM non-manufacturing index was significantly weaker tha…
After a relatively calm period, the Euro exploded into life against the dollar on Wednesday. Trading conditions remained subdued initially with pressure on the ECB increased by downward pressure on prices within the latest Euro-zone PMI data. The US ADP employment data was stronger than expected with reported private-sector jobs gain of 205,000 for January following an upwardly-revised gain of 267,000 previously. In contrast, the ISM non-manufacturing index was significantly weaker tha…