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The European single currency strengthened against the Greenback, following the US ADP Non-Farm Employment Change data release on Thursday at 12:15 GMT. The EUR/USD currency pair gained three pips, or 0.03%, to continue fluctuating in the 1.1704 area.
The Automatic Data Processing released the monthly US ADP Non-Farm Employment Change data that came out lower-than-expected of 177K, compare to forecasted 191K.
"Business' number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all industries and company sizes.", said Mark Zandi, Moody's Analytics' chief economist.
| Historical Data Table: US ADP Non-Farm Employment Change | Economic Calendar for 05.07.2018 | ||||||||
| Date | 07.03.2018 | 04.04.2018 | 02.05.2018 | 30.05.2018 | 05.07.2018 | 3:00 PM | US Crude Oil Inventories | ||
| Actual | 246K | 241K | 204K | 178K | 177K | 6:00 PM | US FOMC Meeting Minutes | ||
| Forecast | 199K | 208K | 200K | 191K | 191K | 11:30 PM | Japanese Household Spending y/y | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.74002 | 0.74046 | 0.06% | AUD/USD | 62.85% | 37.15% | |||
| EUR/USD | 1.17092 | 1.17121 | 0.02% | EUR/USD | 60.06% | 39.94% | |||
| USD/JPY | 110.65 | 110.619 | -0.03% | USD/JPY | 51.62% | 48.38% | |||
| NZD/USD | 0.67875 | 0.67922 | 0.07% | NZD/USD | 51.02% | 48.98% | |||