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Waiting for US Payrolls
FX markets were broadly stable in Asian session, as traders digested the disappointing ADP report ahead of the critical payroll data tomorrow. ADP employment change printed at 38k vs. 175k exp figures and to highlight the erosion in US economic data, ISM manufacturing also printed below expectations. Yields on US treasuries were quick to react to the decline in the US growth prospects as the 10yr... ...More...
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