The U.S. Dollar Index, which measures the value of the dollar against a basket of foreign currencies, fell 0.3% during Tuesday’s trading. Meanwhile, futures prices tracking the 30-year Treasury bond have increased by the same amount.
The move follows a weekly employment report from ADP that showed private employers shed an average of 11,250 jobs a week last month. The data contrast ADP’s monthly report, published last week, that showed an increase of 42,000 jobs for October. The discrepancy is due to different methodologies, as the monthly report uses a reference week around the 12th of a month and compares the change with the month earlier while this morning’s data covered the average within a four-week period.
www.barrons.com
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