Many market participants will be keeping an eye on the ADP employment data on Thursday and the US labour market report for May on Friday. However, economists at Commerzbank expect the US dollar to ignore these releases.

US jobs data no longer matters

“To be honest, I don’t think that labour market data will be decisive for the dollar at present.””

“It is up to the individual whether they want to buy or sell the dollar as a result of the labour market data. However, the data does not really provide a particularly good reason at present.”