BREAKING: USD sees little reaction to upbeat ADP report

2:20 PM 5 January 2022

ADP report on change in US employment in December was released at 1:15 pm GMT. Data was expected to show an increase of 400k jobs following a 534k increase in November. However, the report showed an increase of 807k jobs, much better than markets expected. It is the highest reading since 7 months.

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

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EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade above1.1300 level. Source: xStation5

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