The Euro versus the US Dollar sustained the position on mostly optimistic US economic data. EUR/USD reached its intraday peak above the 1.2085 level and started to narrow its trading range closer to the 1.2075 area.
The US private companies added 250K positions in December, the strongest monthly gain since March, the ADP Research Institute revealed on Thursday. The figures came in ahead of the official Labour Department’s report, which includes both private and public-sector employment. The jobless rate is expected to remain at 4.1% in the same month. Separately, Markit said that the country’s services sector activity softened at a weaker-than-anticipated pace, with PMI falling from 54.5 to 53.7 points in December, but still in the expansion range.
