January ADP employment
- Prior was 153K (revised to 151K)
- Best reading since June
The US dollar initially 15-25 pips higher across the board on the headline. That's a big beat and way above the top estimate of 200K.
Details:
- Small businesses +62K
- Medium businesses +102K
- Large businesses +83K
- Goods producing +46K
- Service producing +201K
A Fed hawk might look at this and feel pretty good about where the economy is headed.