The dollar is weaker against a basket of currencies this morning, mainly due to improved risk sentiment in the markets.
Later today, ADP employment change figures will be released for the US. This will show how many jobs were added to the US economy by private businesses in January. The figure is expected to have fallen from 807,000 in December to 207,000 in January, largely due to the impact of the Omicron variant.
This comes ahead of Non-Farm Payrolls data on Friday and could indicate how this is set to perform. It’s currently expected that Non-Farm Payrolls will also see a fall in January and any surprises could impact the dollar.
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