US: ADP Employment Change arrives at 202K in December vs. 160K expected
|- Private sector employment increases more than expected in December.
- US Dollar Index climbs to fresh 12-day highs above 97.20.
Employment in the US private sector rose 202,000 in December following November's increase of 124,000 (revised from 67,000), the Automatic Data Processing's Employment report showed on Wednesday. This reading came in better than the market expectation of 160,000.
The US Dollar Index extended its rebound on the back of the upbeat ADP data and was last up 0.27% on the day at 97.22.
Commenting on the data, " the service providers posted the largest gain since April, driven mainly by professional and business services," noted Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Job creation was strong across companies of all sizes, led predominantly by midsized companies.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.