Over the last two hours of the euro has lost about 40% of its growth to the dollar from the previous ECB meeting three weeks earlier. This reflects two things. First, the amount by which the markets themselves dispersed by a sharper tone of President of the ECB in the course of the last press conference. Secondly, the strength of ISM non-manufacturing in the U.S. added more reasons to cover any excess dollar short positions before tomorrow's employment report. Such a pace up to the day EUR / USD may lose the maximum amount for two months.At the level of 59.4 ISM non-production was not in the middle of 2005, and the index of employment to a maximum of five years. Naturally, after growth in the ADP report in mid-week wait is now expected tomorrow peyrolls yield strengths. Keep in mind that strong expectations are not met in the past two months, so that, as usual, Friday promises to be volatile.
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