A big disappointment in the US labor market: ADP reports a gain of only 189K jobs in the private sector in March. This lowers the bar for Friday’s NFP. February’s number stood on 214K, revised up from 212K.

And it lowers the value of the dollar, which retreats after gaining beforehand.

Read the rest of the article ADP Non-Farm Payrolls misses at 189K – USD slides