EUR/USD reacts to ADP payrolls

Source: Dukascopy Bank SA


On Wednesday, at 12:15 GMT, the Automatic Data Processing National Employment Report was released. It revealed that instead of expected 640,000 new employed people in the US, there are 374,000.

The EUR/USD surged by 22.4 base points in the aftermath of the announcement, as the US Dollar lost value.
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Fri, 03 Sep 2021 12:41:03 GMT

EUR/USD jumps on US Employment

On Friday, at 12:30 GMT, the US Bureau of Labour Statistics published the US monthly employment data sets. The news that during the last month 235,000 people were employed instead of forecast 720,000 caused a sharp drop of the US Dollar. The EUR/USD currency exchange rate reacted to the event by sharply surging 37 base points or 0.31%. In regards

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