BREAKING: Dollar muted after upbeat ADP report

ADP report on change in US employment in June was released at 1:15 pm BST. Data was expected to show an increase of 600k jobs following a 978k increase in May. However, the report showed an increase of 692k jobs, better than markets expected.

Source: Macrobond, XTB

Today’s report is a hint ahead of the NFP report which will be released on Friday at 1:30 pm BST.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1890 level. Source: xStation5

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