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Dollar decreases after the weak report by ADP

153 thousand jobs were created in December in the USA.

05.Jan.17 11:13 AM
By Anna Tuzova


Dollar decreases after the weak report by ADP
USD decreases against main world currencies after ADP (Automatic Data Processing) showed that employment in US private sector grown significantly lower than expected in December.

ADP has reported that employment level in private sector seasonally adjusted has grown by 153 thousands in the last month, below the expected increase by 170 thousand. 

215 thousand jobs were created in November.

ADPís report isnít considered as a precise governmental data indicator, but can guide market players. The official data will be published tomorrow, on 6th December. The national employment report measures changes in the employment level in the last month in non-agricultural sectors. Parameters are based on anonym data of about 400.000 American businessí clients. The figure may be very volatile.  

The EUR/USD pair has grown by 0,5% to 1,0540 after that newsí publication (as at 8:45 UTC-5).

The USD/JPY has fell by 1% to the mark of 102,06.

The publication of the minutes of the December FOMC of Federal Reserve meeting has brought pressure on the American currency earlier. The uncertainty about possible influence of the new Presidentís administrationís policy on the US economy and monetary policy is stressed in the minutes.

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