The Euro appreciated against the US Dollar, following the US ADP Non-Farm Employment Change data release on Wednesday at 12:15 GMT. The EUR/USD exchange currency rate gained 14 pips or 0.12% after the release. The Euro continued trading at the 1.1870 level against the Greenback after the release.
Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change, which came out worse-than-expected of 428K compared with the forecast of 1250K.
According to the official release: "The August job postings demonstrate a slow recovery. Job gains are minimal, and businesses across all sizes and sectors have yet to come close to their pre-COVID-19 employment levels."
| Date | 06.05.20 | 03.06.20 | 01.07.20 | 05.08.20 | 02.09.20 |
|---|---|---|---|---|---|
| Actual | -20236K | -2760K | 2369K | 167K | 428K |
| Forecast | -20500K | -9000K | 2850K | 1200K | 1250K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.73369 | 0.7343 | 0.08% |
| EUR/USD | 1.18615 | 1.18716 | 0.09% |
| NZD/USD | 0.67621 | 0.67696 | 0.11% |
| USD/JPY | 106.191 | 106.132 | -0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 25.4% | 74.7% |
| EUR/USD | 35.1% | 65.0% |
| NZD/USD | 27.8% | 72.3% |
| USD/JPY | 46.2% | 53.8% |
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