US yields are rising a bit and equities are rallying helping give the dollar a lift for a change. The AUD and CAD are firm as well, especially on the crosses.
ADP data are seasonally adjusted, so the pop in the data is not retail hiring for Christmas but there are other idiosyncrasies in the December data, economists caution.
Improved claims data will be taken by traders as confirmation of ADP…
1.2800 barriers are rumored being protected on the downside near-term. We hit a low of 1.28028 on EBS.
