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Trader, analyst and instructor with a 6-year experience

ADP employment report disappointed

According to data from ADP, the US added 135K jobs in May (forecast: 171K; previous: 113K). Unit labor costs plunged reducing the need for tapering QE.

EUR/USD reached $1.3114 on the news. GBP/USD almost touched $1.5400. USD/JPY came close to 99.00.

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