The Euro 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 gained 4 pips or 0.04% after the release. The Euro continued trading at the 1.1860 level against the Greenback after the release.
Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which came out worse-than-expected of 167K compared with the forecast of 1200K.
Ahu Yildirmaz, the Vice President and Co-Head of the ADP Research Institute commented on the release: "The labor market recovery slowed in the month of July. We have seen the slowdown impact businesses across all sizes and sectors."
| Date | 01.04.20 | 06.05.20 | 03.06.20 | 01.07.20 | 05.08.20 |
|---|---|---|---|---|---|
| Actual | -27K | -20236K | -2760K | 2369K | 167K |
| Forecast | -150K | -20500K | -9000K | 2850K | 1200K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.72227 | 0.72205 | -0.03% |
| EUR/USD | 1.18541 | 1.18586 | 0.04% |
| NZD/USD | 0.66568 | 0.6655 | -0.03% |
| USD/JPY | 105.773 | 105.629 | -0.14% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 30.2% | 69.8% |
| EUR/USD | 33.7% | 66.3% |
| NZD/USD | 35.2% | 64.8% |
| USD/JPY | 57.1% | 42.9% |
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