ADP Employment Change causes USD jump

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The Automatic Data Processing Non-Farm Employment Change number is seen as a precursor to official US employment data. It was forecast that the US would have created 226,000 jobs in June. Instead the ADP data shows 497,000 new jobs created. Due to the news the US Dollar index surged by 0.31% in less than five minutes after the release.
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Fri, 07 Jul 2023 13:20:14 GMT

United States publishes employment data

The United States Bureau of Labor Statistics published the US monthly employment data sets at 12:30 GMT. The released data caused an immediate drop of the US Dollar, as these official data sets indicate that the US labor market is doing worse than previously assumed.

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