BREAKING: USD muted after upbeat ADP report

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ADP report on change in US employment in September was released at 1:15 pm BST. Data was expected to show an increase of 428k jobs following a 374k increase in August. However, the report showed an increase of 568k jobs, much better than markets expected.

Nevertheless, both stocks and USD saw a muted reaction to the release.

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 1.1540 level. Source: xStation5

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