BREAKING: US ADP jobs report well below expectations
ADP report on change in US employment in February was released at 1:15 pm GMT. Data was expected to show an increase of 177k jobs following an upwardly revised 195k increase in January. However, the report showed an increase of 117k jobs, much worse than markets expected. Today’s report is a hint ahead of the NFP report which will be released on Friday at 1:30 pm GMT.
EURUSD fell slightly after today’s data releases and is testing local support level at 1.2050.