The dollar is weaker against a basket of currencies this morning due to signs of progress in peace talks between Ukraine and Russia. As a ‘safe-haven’ currency, the dollar tends to strengthen in times of crisis and weaken when the outlook feels more stable.
ADP employment data is set to be released for the US today, which analyses growth in the private sector. Predictions suggest that private companies will have added 450,000 jobs in March.
This comes ahead of Non-Farm Payrolls data on Friday, which is expected to show that the US economy added 490,000 jobs in March. Any surprises could impact the dollar.
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