The Greenback weakened against the Eurozones's single currency, following the US ADP Non-Farm Employment Change data release on Wednesday. The EUR/USD currency pair gained two pips, or 0.02%, to continue fluctuating in the 1.1628 area.
The Automatic Data Processing Inc. released Non-Farm Employment Change data that came out lower-than-expected of 178K, compared to the 204 in the previous period.
"Healthcare and professional services remain a model of consistency and continue to serve as the main drivers of growth in the services sector and the broader labor market as well," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.
Historical Data Table: US ADP Non-Farm Employment Change | Economic Calendar for 31.05.2018 | ||||||||
Date | 31.01.2018 | 07.03.2018 | 04.04.2018 | 02.05.2018 | 30.05.2018 | 12:30 PM | CAD GDP m/m | ||
Actual | 234K | 246K | 241K | 204K | 178K | 12:30 PM | US Core PCE Price Index m/m | ||
Forecast | 186K | 199K | 208K | 200K | 191K | 12:30 PM | US Personal Spending m/m | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
AUD/USD | 0.75473 | 0.75491 | 0.02% | AUD/USD | 73.12% | 26.88% | |||
EUR/USD | 1.16322 | 1.16342 | 0.02% | EUR/USD | 63.32% | 36.68% | |||
USD/JPY | 108.946 | 108.948 | 0.00% | USD/JPY | 50.83% | 49.17% | |||
NZD/USD | 0.69693 | 0.6969 | 0.00% | NZD/USD | 54.44% | 45.56% |