Dollar strengthened modestly following the latest ISM Manufacturing PMI, which indicated some stabilization in the US manufacturing sector toward the end of 2024. Despite the improvement, the sector continues to face challenges, with half of its industries still contracting. The ISM report did little to shift expectations that Fed will pause its easing cycle at […]
Dollar remains on the backfoot in early US session, despite the strong ADP private employment report. The data highlights continued resilience in the labor market, with services-driven job growth and sustained wage pressures. While this should theoretically reinforce the case for Fed to maintain its pause in easing for longer, traders appear reluctant to react […]
The post Dollar Struggles Continue Despite Strong ADP, Caution Prevails appeared first on Action Forex.
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