The US Dollar has jumped up against most of its main rival currencies on Tuesday, to take back some lost ground amid higher US Treasury yields and a modest appetite for risk with the world’s major stock markets posting a positive momentum.
However, traders remain wary with all attention on the release September’s US employment data due on Friday. The market is preparing for a strong growth in private payrolls to urge the Fed to officially declare the end of the Quantitative Easing program at November’s meeting.
Additionally, all macroeconomic data has shown that the US trading deficit expanding to its highest level on record, with a $73.3 Billion shortfall while, on the positive side, US services sectors’ activity improved in September, though shortages on raw materials have pushed prices higher, weighing on employment growth.
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