Dollar holds near 3-week highs before ADP report : 31.08.2016
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The dollar held steady near three-week highs against the other major currencies on Wednesday, as investors awaited the release of U.S. employment data due later in the day.
EUR/USD was little changed at 1.1147, just off Tuesday's two-week trough of 1.1128. Market participants were looking ahead to a U.S. employment report due later Wednesday, for further indications on the strength of the economy.
On Tuesday Federal Reserve Vice Chairman Stanley Fischer said the U.S. labor market is almost at full strength and the pace of interest rate increases will be data dependent.
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The dollar held steady near three-week highs against the other major currencies on Wednesday, as investors awaited the release of U.S. employment data due later in the day.
EUR/USD was little changed at 1.1147, just off Tuesday's two-week trough of 1.1128. Market participants were looking ahead to a U.S. employment report due later Wednesday, for further indications on the strength of the economy.
On Tuesday Federal Reserve Vice Chairman Stanley Fischer said the U.S. labor market is almost at full strength and the pace of interest rate increases will be data dependent.
