Last night saw the biggest daily gain for the US dollar since September last year on the back of better than expected employment figures via the ADP ahead of the all important NFP employment figures tonight. The USD index jumped 0.65% and back above 90 to 90.5. The spike saw nearly all financials in the red and USD gold smacked down nearly 2% and back under the $1900 line to $1870. Silver was down over 2.5% and back under $28 to $27.53. The AUD dropped to 76.6c on the back of the USD rise and cushioned the falls in AUD terms to 0.8% and 1.4% respectively. Is this a new trend or merely a news bite in the face of a much broader pressure down on the USD. We discuss.
YouTube link : https://youtu.be/a1GV0CxS2N0
