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ADP badly disappoints with 67K, GBP/USD breaks above 1.31, EUR/USD nears 1.11

Wednesday, 4 December 2019 20:34 WIB

Ekonomi AS ADP Non-Farm Employment Change

ADP's Employment Change figures for November came out at 67,000, well below expectations for an increase of 140,00. Moreover, October's figure was revised down to 121,000 from 125,000.

Some suspect that the gap stems from calculations related to the strike at General Motors. Nevertheless, this is the second significant miss in a top-tier US figure this week. ISM Manufacturing PMI fell short of expectations with 48.1 points.

The US Dollar is on the back foot with GBP/USD extending its gains to 1.31 and EUR/USD getting closer to 1.11.

Source : FXstreet

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