Forex | Forex | ADP advances a 298K decline in Aug non-farm payrolls; Dollar and Yen inch higher (02/09/2009 12:26:00)

ADP advances a 298K decline in Aug non-farm payrolls; Dollar and Yen inch higher

FXstreet.com Barcelona) - U.S. non farm- payrolls could have declined by about 298,000 in August, according to figures by Automatic Data Processing, worse than the 213K decline expected by the market. Dollar and Yen have ticked up.

EUR/USD has spiked down from levels around 1.4220 to 1.4200 moments after ADP data was released, although the pair has picked up to levels around 1.4210 afterwards.

GBP/USD has eased slightly right after ADP data was released, dropping from intra-day high att 1.6252 to levels at 1.6215 although the pair has returned above 1.6220.

USD/JPY has ticked down from levels around 92.60 to approach 6-week low at 92.38, although the pair remains at levels right above 92.40 minutes after ADP figures were released.
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