ADP Non-Farm Payrolls showed a gain of 241K private sector jobs in December, better than 227K expected and some good US news breaking the mediocre streak. In addition, November’s number was revised up to 227K.
The greenback is slightly stronger on the good news.
ADP was expected to report a gain of 227K private sector jobs in the United States during the month of December after 208K in November (before revisions). The correlation between this figure and the official Non-Farm Payrolls from the BLS on Friday is not always straightforward, but the release always moves the market.
The dollar was enjoying yet another positive wave before the release.
Other indicators towards the NFP were not too encouraging: both the manufacturing and the services sector PMIs from both ISM and Markit came out below expectations and pointed to some kind of slowdown.
- EUR/USD was trading around 1.1830 on the background of euro-zone deflation and the deadly attack in Paris. It dropped to the lows of 1.1820 in the aftermath.
- GBP/USD traded around 1.5120 on signs of weakness in the UK.
- USD/JPY traded around 111.90, rising from lower levels. USD/JPY moves up to 119.50.
- USD/CAD traded on high ground, around 1.1820, as oil continued falling.
- AUD/USD traded around the 2010 lows of 0.8066.
- NZD/USD was around 0.7740.
More: 2015 Preview for currencies & commodities: the Fed hike, EZ QE, slippery oil, UK politics, Big in Japan, AUD down under, Loonie blues and Gold – Market Movers #31
