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Wednesday, February 01, 2017

ADP January employment 246K vs 168K expected

  • Prior was 153K (revised to 151K)
  • Best reading since June
The US dollar initially 15-25 pips higher across the board on the headline. That's a big beat and way above the top estimate of 200K.
  • Small businesses +62K
  • Medium businesses +102K
  • Large businesses +83K
  • Goods producing +46K
  • Service producing +201K

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