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The US gained 235K private sector jobs in the month of October, better than expected and a big compensation for September. The hurricanes-impacted previous month saw only 110K positions filled according to the downward-revised figure.

The US dollar is marginally higher against the Japanese yen and is not moving too much against other currencies.

Here is how the recent moves look on the 15-minute chart:

ADP was expected to report a gain of 200K jobs in October, up from 135K in September. This report for private sector positions leads the official Non-Farm Payrolls report published on Friday. The correlation is not always evident.

The month of September was significantly impacted by the hurricanes. While the ADP report was weaker, the NFP showed a surprising drop in jobs while also providing a positive surprise with wages.

The US dollar was moving up against the yen but losing ground to the pound ahead of the publication.

There is a bigger event today: the Fed decision. Janet Yellen will precede one of her last FOMC meetings and she is set to send a strong signal towards a rate hike in December.

See:  Fed: 4 reasons to cement the hike, one reason to send the dollar down