Forex - Dollar dropped after ADP report ahead of early US jobs release |
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Forex News and Events: The Dollar dropped against the Euro on Wednesday after a report showed the US private sector shed more jobs than expected in June, which may diminish the likelihood of a rate increase by the Federal Reserve. The ADP Employer Services data, which showed the largest drop since November 2002, is often seen as a precursor to the government's monthly report on the labor market (early release on Thursday). Poll of Economists expect another drop in non-farm payrolls last month.
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