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fxAug 5, 2026, 4:19 PM

Dollar slips as weak ADP jobs data eclipses hot services PMI

The US Dollar Index fell 0.15% to around 99.80 on Wednesday as a sharp drop in ADP employment outweighed a strong ISM services reading, raising stagflation concerns.

DXYEURUSD

The US Dollar Index (DXY) slipped modestly on Wednesday, losing around 0.15% to trade near 99.80 after a conflicting set of US economic data.

The ADP employment report showed a dramatic slowdown, signaling weakness in the labor market, while the ISM services PMI surprised to the upside, highlighting persistent price pressures. The stagflationary mix dampened expectations for further policy tightening, weighing on the greenback against major peers.

Source: FXStreet Forex News