The US dollar ticked higher on a slightly better ADP employment report.
The data was 8K better than expected while the prior month was revised 2K lower. That’s about as close as it gets to expectations in a jobs report but it’s on the better side and that’s put a slight bid into the US dollar but it was fleeting.
The big story in Asia was USD/JPY hitting 1.1000 for the first time since 2008.
The story in Q3 was good US data and a USD rally. There will be bumps in the road but buying US dollar dips is still the best trade out there.
