BREAKING: USD gains after the best ADP reading since mid-2015

US employment change estimates for January were released by ADP at 1:15 pm GMT. The report showed US employment increasing by 291k jobs in January, the highest since mid-2015. Market consensus called for an increase of 158k after last month’s 202k increase. The reading sets a high bar of expectations ahead of Friday’s NFP release. EURUSD moved to a new session low after releases of the data and is trading slightly above key support zone at 1.10 handle.

EURUSD deepened decline on stellar ADP employment report. Source: xStation5

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