US dollar slimbs as the market preps from another round of economic data

<p>The US dollar is at the highs of the day against the euro and pound.</p><p>It's been a mixed picture following ADP data and the quarterly refunding announcement. Both put downward pressure on yields and that helped to lift AUD/USD but elsewhere the dollar is strengthening.</p><p>Cable fell through yesterday's low of 1.2120 and appears destined to be stuck to 1.20 indefinitely. </p><p>Eyes are on a series of data release at 10 am ET in the US with construction spending, JOLTS and ISM manufacturing. Then at 2 pm ET we get the FOMC decision.</p>

This article was written by Adam Button at www.forexlive.com.