ADP’s report on employment in the US private sector showed figures below expectations. The market consensus was for an 88,000 increase in jobs and the figure was negative at 123,000 for December. In other words, jobs were unexpectedly destroyed.
The dollar was unchanged in the market. Traders appear to have ignored the report, focusing on other short-term issues and prospects for the future. On Friday the official employment report will be published with the non-farm payroll and the unemployment rate.
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