US Dollar keeps pushing lower, at session lows ahead of ADP report

   •  Overnight recovery turns out to be short-lived.
   •  Surging US bond yields fail to lend any support.
   •  ADP report eyed for some immediate respite.

The US Dollar struggled to build on previous session's modest recovery move and kept pushing lower through the mid-European session.

Wednesday's bounce back turned out to be short-lived, with the USD Index, which measures greenback's performance against a basket of major currencies, facing rejection near the 92.00 handle. 

The USD bulls seemed little impressed by the latest FOMC meeting minutes, which reinforced market expectations for gradual monetary policy tightening but revealed divided opinion with regards to the number of rate hikes in 2018 and concerns over stubbornly low inflationary pressure. 

Even the latest leg of an upsurge in the US Treasury bond yields did little to ease the prevailing strong bearish pressure and the index is currently placed at session lows, near the 91.65-60 region, down around 0.3% for the day.

Traders now look forward to the US employment data - ADP report and initial weekly jobless claims, for some immediate respite. The key focus, however, would remain on Friday's official monthly jobs report, popularly known as NFP, which might provide some fresh directional impetus.