The US Dollar (USD) is rolling over and trades in the red after ADP numbers failed to add more US Dollar strength. The underperforming ADP numbers have triggered risk on in equities and see US yields decline further.
Here is what you need to know on Wednesday, December 6: The US Dollar (USD) outperformed its rivals for the second consecutive day on Tuesday, with the USD Index climbing to its highest level in nearly two weeks.
The Euro could not sustain another bout of strength past the 1.1000 mark against the US Dollar on Wednesday, prompting EUR/USD to recede to the 1.0990 region in the wake of the opening bell in Europe.