13 days ago • Posted by William Ramstein

The USD responds well to a surprising ADP job report

US initial jobless claims fell to 385,000 last week, while continuing claims increased to 3.8M in the previous week. The ADP employment report showed an increase of 978,000 which was much stronger than the consensus forecast of 600,000. This news sent the USD soaring against other currencies.

Source: Macro Markets Daily