Summary:
- The US economy adds as many as 135k new jobs in September
- US dollar trades slightly lower against JPY
The US economy added as many as 135k new jobs last month, according to the ADP release. This number almost matched the median Bloomberg estimate calling for a 140k increase. A breakdown shows that 127k new jobs came from the service-providing sector, while the goods-producing sector added 8k jobs. The print may slightly soothe concerns regarding an impending recession there.
The USDJPY is trading slightly lower following the ADP release. Source: xStation5
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