The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government’s non-farm payroll report. The change in this indicator can be very volatile.
The U.S ADP Nonfarm Employment Change rose 190K, from 177K in the previous month missing forecast of 201K.
Market Impact : This development should boost the USD , any pullback should be taken as an opportunity to buy the USD on dips!!!