by Wed, 04 May 2011 14:32:00 +0200
Forex: Dollareases after weaker thnan expected ADP
FXstreet.com (Barcelona) - The Dollar has eased after a lower than expected increase on US ADP non-farm payrolls. EUR/USD has pushed about 50 pips higher to pierce 1.4900 reaching 1.4910, while the GBP/USD recovery from 1.6450 low extended to day highs at 1.6555, and the USD/JPY eased from day highs at 81.15 to 80.95 area.
Non-farm private payrolls increased 179,000 in April, according to data released by Automatic Data Processing, somewhat below the 200,000 expected by market analysts.
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