ADP report on change in US employment in April was released at 1:15 pm BST. Data was expected to show an increase of 800k jobs following a 517k increase in March. However, the report showed an increase of 742k jobs, worse than markets expected. Nevertheless, both stocks and USD saw a muted reaction to the release. Today’s report is a hint ahead of the NFP report which will be released on Friday at 1:30 pm BST.
EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around the 1.20 level. Source: xStation5
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