EUR/USD: US ADP Non-Farm Employment Change

The Euro 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 lost 4 pips or 0.04% after the release. The Euro continued trading at the 1.1130 level against the Greenback after the release.

Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which came out better-than-expected of 183K compared with the forecast of 170K.

Ahu Yildirmaz, the Vice President and Co-Head of the ADP Research Institute commented on data: "The labor market remains firm, as private-sector payrolls continued to expand in February. Job creation remained heavily concentrated in large companies, which continue to be the strongest performer."