1:18 PM · 1 September 2021

BREAKING: USD weakens after downbeat ADP report

ADP report on change in US employment in August was released at 1:15 pm BST. Data was expected to show an increase of 615k jobs following a 330k increase in July. However, the report showed an increase of 374k jobs, much worse than markets expected.

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

EURUSD pair rose after today's data release and is heading towards major resistance level at 1.1850. Source:xStation5

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