- The greenback started the second quarter in subdued fashion after weaker than expected jobs data offered more evidence suggesting the economy shifted into a lower gear in the first quarter.
- ADP said its survey of private sector job growth totaled 189,000 – the lowest in 14 months – and under forecasts of 225,000.
- A slight upward revision to February could help temper the disappointment, however.
- On the bright side, ADP doesn’t always serve as an accurate barometer of nonfarm payrolls but at the margin suggests a slight higher risk of disappointment.
- Underwhelming job growth Friday would dampen U.S. rate hike expectations and weigh on the dollar.
The material has been provided by InstaForex Company – www.instaforex.com