European Session – Dollar jumps against yen after higher ADP jobs data
Posted on November 1, 2012 at 1:20 pm GMTMarket sentiment was mildly risk-on during the European session and improved after the upbeat US data on ADP jobs data. Also weekly US jobless claims fell. Expectations for initial jobless claims were for 371,000 while the actual reading came in lower at 363,000. This was due to a drop by 9,000 in the October 27 employment week. Just 15 minutes before this data we had the ADP jobs report which showed 158,000 jobs were created, beating expectations for 138,000. The [..]