The US dollar is on the back foot after weak data and the yen has been stimulated by the fiscal stimulus program and lack of helicopter sounds. The dollar now faces two big releases: ADP NFP and the ISM Non-Manufacturing PMI, both serve as hints towards the all-important Non-Farm Payrolls. Also for the UK, the last of the PMIs could set the final touch ahead of the extremely important BOE decision, in which Carney should make a move. Note that the political developments in the US are now monitored more closely.
Wrap up of the morning show:
