Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms

• ADP August employment +99K vs +145K expected
• US August ISM services 51.5 vs 51.1 expected
• US August final S&P Global Services PMI Aug 55.7 vs 55.2 prelim
• US initial jobless claims 227K vs 230K estimate
• US Q2 unit labor costs +0.4% vs +0.8% expected
• OPEC+ agrees to delay October oil output increase – report
• GOP nominee Trump to propose a 15% tax rate for companies that manufacture goods in the US
• Treasury Secretary Yellen: US labor market has become less tight. Still creating jobs.
• Canada Q2 labour productivity -0.2% vs -0.3% prior
• Canada August S&P Global Services PMI Aug 47.8 vs 47.3 prior

Markets:

• Gold up $21 to $2515
• US 10-year yields down 4 bps to 3.73%
• WTI crude oil down 2-cents to $69.17
• S&P 500 down 0.3%
• NZD leads, USD lags

This article was written by Adam Button at www.forexlive.com.