ADP: US Private Hiring Remains Slow
ADP Employment Change (4-week average) data shows that US private sector hiring is still slowing. The 4-week average for the period ending January 3, 2026, fell slightly to 7,750, from 8,000 in the previous period—and this marked the third consecutive week of decline, a sign that hiring momentum is losing steam.
The market response was also seen in the currency market: the dollar struggled to recover as investors held positions ahead of the Fed meeting. Dollar pressure also caused EUR/USD to briefly rise to 1.1930, its highest level since June 2021, as USD selling continued to persist.
On the sentiment side, the dollar's weakness wasn't solely driven by the employment data. The market also remained sensitive to US policy uncertainty and concerns about the central bank's independence—making market participants tend to be defensive while awaiting further signals from the Fed. (yds)
Source: Newsmaker.id
