FXstreet.com (Barcelona) - The Automatic Data Processing has published its employment report with a decrease of 203k in October, less than 254k posted in September. Market expectations were a decline of 200k jobs in October. EUR/USD is rising above 1.4760.
This is the 14 consecutive month with decline in the private employment in US, but the lower reading since November 2008.
EUR/USD has reacted up from 1.4750 ahead the data release to rise above MA100 hourly at 1.4760 and trades above 1.4770.