Great news from the US for a change: 257K private sector jobs were created in December, much better than expected. November’s figure was marginally revised to the downside at 211K. This is a powerful signal for Friday’s official NFP.
The US dollar is making more gains across the board.
- EUR/USD had already made an attempt to recover but it is weighed to the downside. 1.0760 seems to cap the pair
- GBP/USD that already stabilized dipped to test 1.46.
- USD/JPY bounced off the lows. The yen certainly enjoyed the gloom atmosphere, including the new fuel from North Korea.
- USD/CAD which continued higher and higher also thanks to a fresh fall in oil prices, touched the 1.41 level.
- AUD/USD battled support at 0.7060. China is of worry.
- NZD/USD is down at 0.6640.
The ADP Non-Farm Payrolls for the private sector was expected to show a gain of 192K jobs in December, less than 217K in November (before revisions). The dollar was looking strong against commodity currencies before the release.
