Better US data though RoW looks soft

Stronger US data gave a bid tone to USD ahead of tonight's payrolls. ADP came in above expectations at 237K (cons 218K) while ISM also beat expectations at 53.5 (cons 53.2), despite yesterday's soft Chicago PMI which rattled markets. The key underlying details were mostly better (new orders and employment accelerated, production slowed). 

US economists highlights the comments show stability in the manufacturing space though also point to weakness outside the US - "automotive industry remains strong and is expected to stay that way through 2015" (Fabricated Metal Products) though "business continues to hold in the US [but is] soft in Europe and in decline in Asia" (Transportation Equipment).

EUR/USD is now testing 1.1050 while USD/CAD drifted up a big figure to 1.26.