USD: Private payrolls fall well below expectations

The dollar is still weaker against a basket of currencies this morning ahead of the US’ Non-Farm Payrolls report tomorrow.

ADP private payrolls were released yesterday. This employment data showed that private businesses in the US hired 374,000 workers in August, below market expectations of 613,000. This has prompted concern over tomorrow’s Non-Farm Payroll report.

Jobless claims figures will be released later today, which will give further indication of how the US’ employment landscape is looking.

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