ADP expects a private employment loss of about 491,000 in the U.S. April, a number somewhat lower than the 650,000 decline expected, which could point out to a slowdown on the unemployment growing pace we have been seen in the last months.
EUR/USD has been favoured by the ADP report and the pair has jumped from levels around 1.3280 to a new intra-day high at 1.3360 right after ADP data was released.
GBP/USD has jumped from levels right above 1.5000 to reach levels close to 1.5100 minutes after ADP data was released.
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