After posting losses against most of the majors for a number of consecutive days, the US dollar has gotten some help from strong economic data. On August 5th, the US dollar was supported by better than expected ADP Non-Farm Employment Change, which came out at 42k, a whopping 17k improvement over the expected 25k. As a result of these positive data, the US stock markets were able to post gains as NASDAQ strengthened by 0.88% and Dow Jones strengthened by 0.41%. In the forex trading market, the dollar traded mixed against the major currencies, a welcome change from the past week of posting losses against most majors.

Both the euro and the British pound weakened against the dollar. The EUR/USD pair traded at a high of 1.3239 and a low of 1.3130. The GBP/USD pair traded at a high of 1.5962 and a low of 1.5854. The dollar marked a new low against the Japanese yen, but was able to recover to surpass the 86 level. The USD/JPY pair traded between 85.31 and 86.37.