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US September ADP payrolls rise more than expected by 143k- EUR/USD slips

The September privately sourced monthly US payroll report has just been released. The markets were expecting a fairly modest increase, to around 120k last month, from 99k reported in August. Payrolls have actually risen by 143k. The immediate reaction has seen the dollar rise further versus the Yen and test and rise above the 145 handle. The EUR/USD has fallen back a little, but so far the immediate drop has been contained and no fresh ground has yet been broken. The EUR/USD is currently trading at 1.1063
 

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