Market Comment | USD appreciated as ECB and Fed policy divergences increased
Published on Wednesday, November 4, 2015
Market Comment | USD appreciated as ECB and Fed policy divergences increased
Summary
Positive macroeconomic data in the US. The US ADP employment change dropped less than expected in October (by 8K to 182K; consensus: 180K; previous data as revised: 190K). On another front, the ISM non-manufacturing composite index surged in October against estimates of decreasing (+2.2 points to 59.1; consensus: 56.5). Janet Yellen hawkish speech raised the […]
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