The Euro traded sideways against the US Dollar, following the US ADP Employment data set release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate gained 9 pips or 0.08% after the release. The Euro continued trading at the 1.1260 level against the Greenback after the release.
Meanwhile, note that there was post reaction until 13:05 GMT. The Euro depreciated 42 pips or 0.37% against the Greenback.
The Bureau of Labor Statistics released the US ADP Unemployment Rate data, which came out better-than-expected of 11.1% compared with the forecast of 12.4%.
According to the official release: "These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In June, employment in leisure and hospitality rose sharply. Notable job gains also occurred in retail trade, education and health services, other services, manufacturing, and professional and business services."
| Date | 06.03.20 | 03.04.20 | 08.05.20 | 05.06.20 | 02.07.20 |
|---|---|---|---|---|---|
| Actual | 3.5% | 4.4% | 14.7% | 13.3% | 11.1% |
| Forecast | 3.6% | 3.8% | 16.0% | 19.4% | 12.4% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.69261 | 0.69394 | 0.19% |
| EUR/USD | 1.12813 | 1.12956 | 0.13% |
| NZD/USD | 0.65214 | 0.65314 | 0.15% |
| USD/JPY | 107.502 | 107.502 | 0.00% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 36.0% | 64.0% |
| EUR/USD | 40.5% | 59.5% |
| NZD/USD | 30.2% | 69.8% |
| USD/JPY | 51.7% | 48.3% |
Economic calendar