The US dollar is up with the larks
We’re seeing a little pick up in USD pairs at the moment as the day gets underway in the US. USDJPY is up to 112.55 from 112.40 odd
GBPUSD has given up in minutes what it spent all morning gaining. We’re at 1.3250 from 1.3285.
EURUSD also finding a quick drop to 1.1760 from 1.1788.
It’s all very rangy at the moment. I’ve had a look at US 10’s and there’s been no pick up there, with yields trading around the 2.30/2.32% area.
There may be some in the market taking the ADP report as a sign that there won’t be a big hurricane induced collapse in the jobs market on Friday, as it pretty much hit expectations.