What's new on the foreign exchange market on Wednesday?

  dollar inflationLes good numbers of ADP boost the U.S. dollar
The company Human Resources Management ADP announced the creation of 180,000 private sector jobs outside agriculture after seasonal adjustment for the month, while experts stared 160,000. Uptrend likely to continue to 101.22 or 101.07 if support around 100.29 hold. Then a pullback in the 100.29-100.07 area. Eyes now focus on the numbers of U.S. payrolls Friday for clues about when the Fed will begin reducing its USD 85 billion monthly asset purchases.
The pound advantage of the increase in service sector
The greenback was also lower against the pound, with GBP / USD GBP cross taking 0.76% to hit 1.5268, setting a peak the day after it was pointed out that the British service sector activity had known June its biggest increase since March 2011. An encouraging result that indicates expansion of the sector and the UK economic recovery.
Risk aversion has the yen
The yen surged against its Western counterparts today as investors got rid of riskier assets due to political tensions in Portugal. Indeed, the resignation of two ministers following disagreements over the budget has revived fears about the debt crisis in the euro area.
In the European Union, the PMI in the service sector appears down in June
PMI announced a decline increased pressure on the single currency. In addition, caution still update the approach of ECB meeting tomorrow, its president Mario Draghi who are likely to remember that the end of unconventional policies is not there tomorrow.
However, late in the day, the euro regained ground after the release of retail sales increased by 1% in May, surpassing the 0.2% approached. The EUR / USD has gained a bearish potential for a fall to 1.2971-1.2936 as the 1.3007-1.3029 resistance area. After this fall, we expect a recovery up to 1.3029 or 1.3050.
The Aussie unscrews following statements Glenn Stevens
The AUD / USD has fallen 0.73% to hit 0.9080, after hitting a low of three years. The fall in the Aussie began at dawn, after the Governor of the Reserve Bank of Australia has admitted that its governing board had "deliberated for a long time" yesterday before opting to maintain its key rate to 2.75% , its lowest historical value, which may foreshadow a future lowering.
Caution tomorrow, the markets will be closed tomorrow across the Atlantic for the national holiday of Independence Day and we could see a surge in volatility in the currency markets.