U.S. Dollar Index Downward Shock ADP Data Less Than Expected

< p > March 5th, the European market, < a href= "http://www.91se91.com/news/index_c.asp" > US dollar index < /a > concussion downward, now trading in the vicinity of 80.15.

During the period, the number of ADP employment in the United States in February was 139 thousand, less than expected and before.

The data cast a shadow over the US non farm payrolls data released on Friday. The US dollar index once refreshed a 80.06 day low after the data was released, but has since rebounded rapidly.

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< p > specific data show that < a href= "http://www.91se91.com/news/index_c.asp" > US < /a > in February, ADP employment increased by 139 thousand people, an increase of 160 thousand expected, the former value increased from 175 thousand to 127 thousand.

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After P release, the US dollar index fell rapidly, but the impact was relatively short.

The labor department will announce the non farm employment report in February on Friday (March 7th) at 21:30, and the global financial market will pay close attention to this report.

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< p > according to the expectations of foreign media analysts, the number of non farm jobs in the United States increased by 150 thousand in February, up from 113 thousand in January and 75 thousand in December.

Data in January and December were also affected by similar weather factors.

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In the evening of the day, the United States will also announce the February ISM non manufacturing a href= "http://www.91se91.com/news/index_c.asp" > PMI < /a >, which investors should continue to pay attention to. The sub item data, February, the ISM non manufacturing employment index will also set a guideline for the non-agricultural good and bad P.

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< p > 21:25 Beijing time, the US dollar index is 80.16/17.

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< p > related links: < /p >

< p > according to the China foreign exchange trading center, the RMB exchange rate between the RMB and the US dollar was 6.1257 in the interbank foreign exchange market in March 5, 2014, a slight decrease of 21 basis points compared with the previous trading day, which has been weakening for the second consecutive trading day.

But it is worth noting that in the context of the continued weakening of the middle price, the spot exchange rate of RMB against the US dollar strengthened sharply on that day.

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< p > data show that on the 5 day, the spot exchange rate of RMB against the US dollar opened at 65 basis points at 6.1495, followed by a continuous increase in volatility. The highest intraday rise of 251 basis points to 6.1179, eventually closed at 6.1282, up 148 basis points or 0.24% on 4 days.

As a result, the spot exchange rate recorded the largest single day increase in at least one year in 5 days.

At the same time, as of yesterday's close, the spot exchange rate of RMB is still weaker than the middle price, but the difference between them has narrowed to 25 basis points.

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< p > the first three trading days of this week, the spot exchange rate of RMB against the US dollar has recovered nearly 536 basis points lost land last week to nearly 1/3.

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< p > market participants said yesterday that the purchasing power of the big banks was significantly shrinking, the demand for foreign exchange sales increased significantly, and the intervention power of the central bank in the early stage was showing signs of rapid regression. It is expected that the RMB exchange rate may continue to operate in two-way fluctuation in the short run.

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