EUR/USD: US ADP Non-Farm Employment Change

The European Common Currency traded sideways 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 lost 2 pips or 0.02% right after the release. The Euro continued trading at the 1.1149 level against the US Dollar.

Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which came out in line with the expectations of 156K.

"While we still see strength in the labor market, it has shown signs of weakening," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "A moderation in growth is expected as the labor market tightens further."