Emerging-market currencies never got a chance Wednesday, as weaker manufacturing data in some emerging-market countries and fewer-than-expected private-sector job additions in the U.S. in April had investors scuttling to dollar safety.
For most currencies, Wednesday’s activity was a reversal of the move on Tuesday. Markets once again were moving on daily news without any broader themes. The next couple of sessions will be dictated by decisions made by the European Central Bank Thursday on whether it will support Spain and other floundering European nations, and the U.S. jobs report due Friday………………………………………..Full Article: Source