The US Dollar strengthened against the Euro in the wake of US data release on Wednesday. The EUR/USD currency pair fell 0.15% or 17 pips to continue the session below the 1.1770 level, additionally confirming the position amid the better-than-expected ISM report and a small reaction on EU and US officials’ speeches.
The US companies slashed hiring to the lowest level in 11 months in September owing to the disruption of business activities caused by Hurricanes Irma and Harvey, according to the ADP Employment report. The private survey showed that the country’s businesses added 135K jobs in September, suggesting the most of Hurricane’s impact forced small retailers to cut hiring.
