ADP Report Shows 198,000 New Private Sector Jobs

US dollar higher in forex trading

The latest ADP report indicates that the private sector added 198,000 new jobs in February. The report is seasonally adjusted, and seems to indicate that things continue to move in train for the US economy.

At least for now.

The US dollar is up on the expectation that things in Europe are still in difficulty, and on speculation that the US economy is in a better place than European economies.

However, the latest positions don’t factor in the budget sequester, and there is still plenty of news coming, and many forex traders are waiting to see what central bank heads say about policy tomorrow.