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 13:15 GMT. The EUR/USD exchange currency rate gained 10 pips or 0.09% right after the release. The Euro continued trading at the 1.1095 level against the Greenback.

Automatic Data Processing, Inc. (ADP) released the US ADP Non-Farm Employment Change data, which came out worse-than-expected of 67K compared with the forecast of 137K.

Ahu Yildirmaz, the Vice President and Co-Head of the ADP Research Institute commented: "In November, the labor market showed signs of slowing. "The goods producers still struggled; whereas, the service providers remained in positive territory driven by healthcare and professional services. Job creation slowed across all company sizes; however, the pattern remained largely the same, as small companies continued to face more pressure than their larger competitors."