U.S. Manufacturing and ADP Payroll Growth Moderate in May

The ISM manufacturing index remained in expansionary territory in May although the pace of growth eased markedly, as shown by the decline in the index to 53.5 from 60.4 in April (a reading above 50 indicates the sector is generally expanding). The Market expected a more moderate decrease in the

Source: ActionForexall Rss Feed

Dealers Take Payroll Data with a Pinch of Salt

Dealers sold treasury notes following the largest payroll gain by U.S. employers since May, and the biggest private-sector gain since February 2006. Yields rose, but hardly enough to justify the headline number. Investors were either skeptical of the data or perhaps simply less willing to sell bonds at the end