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 lost 5 pips or 0.04% after the release. The Euro continued trading at the 1.1210 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 2369K compared with the forecast of 2850K.
Ahu Yildirmaz, the Vice President and Co-Head of the ADP Research Institute commented on the release: "Small business hiring picked up in the month of June. As the economy slowly continues to recover, we are seeing a significant rebound in industries that once experienced the greatest job losses. In fact, 70 percent of the jobs added this month were in the leisure and hospitality, trade and construction industries."
| Date | 04.03.20 | 01.04.20 | 06.05.20 | 03.06.20 | 01.07.20 |
|---|---|---|---|---|---|
| Actual | 183K | -27K | -20236K | -2760K | 2369K |
| Forecast | 170K | -150K | -20500K | -9000K | 2850K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.68862 | 0.68876 | 0.02% |
| EUR/USD | 1.12003 | 1.12028 | 0.02% |
| NZD/USD | 0.64522 | 0.64526 | 0.01% |
| USD/JPY | 107.417 | 107.415 | 0.00% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 34.3% | 65.7% |
| EUR/USD | 42.6% | 57.5% |
| NZD/USD | 42.4% | 57.6% |
| USD/JPY | 45.5% | 54.6% |
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