The American Dollar is falling deeper as it drops against all major currencies after ADP Non-Farm Employment Change.
Automatic Data Processing in May only showed a gain of 38 thousand jobs, while last month a total of 177 thousand jobs were created; although weaker than the 200 thousand estimate, still a much smaller difference than 38,000 to 177,000. May's results were a disappointing drop, as economists predicted a gain of 177 thousand jobs.
The news knocked the Dollar out, causing it to drop against major currencies such as the Swissie; which gained close to 50 pips when USD/CHF started falling from 0.8452. The pair is currently trading at a Swiss Franc high of 0.8400.
USD also lost ground against the EUR as the pair flew from 1.4405 to 1.4431 just five minutes after the release, but then landed back again to trade at 1.4409.
USD/JPY fell drastically from 81.25 to 80.80; currently at 80.85.
MegaTraderFX - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. MegaTraderFX bears no responsibility for any trading losses you might incur as a result of using any data within the MegaTraderFX.
