The Dollar weakened versus the Euro, Pound and the Yen as FOMC meeting minutes indicated the rise from the recession will be slower than expected. The ADP Non Farm Employment changed showed companies are still laying off more workers than expected and came out -298K versus -250K expected. NASDAQ and Dow Jones declined by -0.3% and -0.09% respectively as disappointing macro data led stocks down. Crude oil dropped remained almost unchanged at 68.05$ a barrel as inventories showed a smallest drop than expected. Gold (XAU) rose25$ closing at 978$ an ounce. Today, Initial Jobless Claims are expected at 560K vs. 570K previously. The ISM Non Manufacturing PMI is expected to show less contraction at 48.3 versus 46.4.
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