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ADP Non-Farm Payrolls Unexciting – Dollar Drops
ADP Non-Farm Payrolls showed a rise of 201K jobs. Early expectations stood on a rise of 205K - a small disappointment. The dollar loses some ground against major pairs following this release. This report for the private sector has exceeded expectations in recent months. The strongest figure was for the month of December- a gain of 247K. Last month saw a gain of 217K which exceeded modest estimations of 178K.