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- US data: ADP employment below expectations, ISM Manufacturing next.
- US Dollar weakens after data, EUR/USD attempts again to hold above 1.0900.
- Market participants await the FOMC decision.
The EUR/USD rose further after the release of US economic data that weighed on the US Dollar and ahead of the Federal Reserve rate hike. The pair rose to 1.0909, reaching the highest level since Monday.
From data to the Fed today, ECB tomorrow
The ADP employment report showed US private sector added 106K jobs in January, below the market expectation for an increase of 178K. It is the lowest reading since January 2021. The US Dollar weakened after the report
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