Market Comment | USD appreciated as ECB and Fed policy divergences increased

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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