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Lloyds Bank: FX Review

Thursday, March 5, 2015 9:35 AM UTC

Quotes from Lloyds Bank

The USD made gains against EUR, GBP and other European currencies yesterday, while the commodity currencies held relatively better.
This could be market positioning ahead of US payrolls. While the ADP employment report was marginally weaker than expected, the non-manufacturing ISM was firm.
Furthermore, the employment component rose sharply to its highest level since October after declining for three consecutive months.
This should be supportive for market expectations of a decent payroll report on Friday.

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Lloyds Bank: FX Review

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