2:16 PM · 6 March 2024

BREAKING: US ADP report slightly below expectations. USDIDX loses

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US ADP report (February): 140 k vs 150 k exp. and 107 k previously

The private sector US jobs report showed goods-producing jobs up 30,000, service-providing jobs up 110,000.
Futures on dollar index (USDIDX) loses slightly in first reaction to data, but data were still quite strong and may even support US dollar, if today JOLTS report will be also at least as solid as ADP.

Source: ADP

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Losses can exceed deposits

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