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❗US ADP report well below expectations📉

1:21 PM 4 August 2021

USD slightly lower after downbeat ADP report

ADP report on change in US employment in July was released at 1:15 pm BST. Data was expected to show an increase of 700k jobs following a 692k increase in June. However, the report showed an increase of  330k jobs, much worse than markets expected. It is the lowest reading since February. 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 releases and is heading towards resistance level at 1.1880. Source:xStation5  

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