Employment in US private sector rose more than expected in February. US Dollar Index clings to daily gains near 97.50 after data. Employment Change in the US private sector was +183,000 in February following January’s increase of 209,000 (revised from 291,000), the Automatic Data Processing (ADP) reported on Wednesday. This reading came in better than the market expectation of 170K. Commenting on the data, “COVID-19 will need to break through the job market firewall if it is to do significant damage to the economy,” said Mark Zandi, chief economist of Moody’s Analytics. “The firewall has some cracks, but judging by the February employment gain it should be strong enough to weather most scenarios.” USD reaction The US Dollar Index, which tracks the USD’s performance against a basket of six major currencies, largely ignored the data and was last up 0.33% on the day at 97.47. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple Price Prediction: Downside is the path of least resistance – Ripple confluence FX Street 3 years Employment in US private sector rose more than expected in February. US Dollar Index clings to daily gains near 97.50 after data. Employment Change in the US private sector was +183,000 in February following January's increase of 209,000 (revised from 291,000), the Automatic Data Processing (ADP) reported on Wednesday. This reading came in better than the market expectation of 170K. Commenting on the data, “COVID-19 will need to break through the job market firewall if it is to do significant damage to the economy," said Mark Zandi, chief economist of Moody’s Analytics. "The firewall has some cracks, but judging by the February… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
