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Posted March 3rd, 2016 by Charles Purdy

A quiet day for data in the US

It was a quiet day in terms of data for the US, with only the release of Automatic Data Processing (ADP) Non-Farm Employment change, which is used as an indication for the main data release on Friday. This figure showed an increase, so investors will be keeping a keen eye out for the outcome of Friday’s main release, especially with an increase in both Personal Income and Personal Spending figures last week.

We can expect more data releases today, with the weekly labour data, which can be used as another indicator for the main Non-Farm Employment Change on Friday, along with Final Services and Non-Manufacturing Purchase Managers’ Indices (PMI), which are both expected to show contraction in the sectors.

The US dollar may take a dip in the wake of poor economic data – contact your trader for most up to date rates and to plan a currency strategy.

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