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US Dollar slips as ADP collapse offsets hot services
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FXStreet Forex & Commodities News
The ADP Employment Change was the day's clearest disappointment.
The July ISM Services Purchasing Managers Index (PMI) reinforced that message beneath the surface.
The Employment Index, however, collapsed to 47.4 from 51.2, dropping into contraction territory and corroborating the weak ADP print.
The Fed's Cook is also scheduled to speak, with markets looking for an assessment of how policymakers weigh softening employment against firming services prices.
Technical Analysis:On the 4-hour chart, US Dollar Index Spot trades at 99.71.