US economy added 212K jobs in Feburary

FXStreet (Mumbai) - The Employment change data released by the Automatic Data Processing, Inc (ADP) in the US showed the economy added 212K jobs in February, compared to 213K additions seen in January. The February figure missed the consensus estimate of 219K.

The details reveal, the small sized firms added 94K jobs, while Midsized and Large sized firms added 63K and 56K jobs respectively. Service sector saw additions of 181K jobs, while goods producing sector saw additions of 31K jobs.

USD/JPY: upside risk building – Scotiabank

Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that USD/JPY is seeing building upside risks as risk aversion eases in the market.
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EUR/USD steady after ADP data

EUR/USD remained steady near daily lows following the release of the ADP employment report, which is a gauge of US private sector payrolls.
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