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  • Thursday 3 September 2020

    Dollar Buys after After ADP Data

    On the New York open the dollar showed a lot of strength when the ADP employment change results were positive. EurUsd has been majorly affected by this move as the currency pair has moved to over 200 pips down after the event.

    The dollar index has been bullish after breaking its weekly lows, the currency has shown a lot of strength making its way back to the top as it is shown on the analyses provided below at which price is currently above the highlighted zone marked as a potential buy zone for the currency which will influence more buying on the dollar.

    Sifiso Nkwanyana

    Author & Editor

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