BREAKING: ADP report below expectations

12:18 PM July 1, 2020

ADP report on change in US employment in June was released at 1:15 pm BST. Data was expected to show an increase of 3 million jobs following a 2.76 million decline in May. However today's report showed an increase of 2.36  million jobs, worse than markets expected. Nevertheless, both stocks and USD saw a muted reaction to the release.

EURUSD saw relatively small reaction to ADP data release. The most popular currency pair continued to trade around 1.12 level. Source: xStation5


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