ADP Beats; Yields, Dollar Jump

Estimate

  • ADP 185k; range 140k to 291k (39 estimates)

Actual

  • ADP RESEARCH INSTITUTE SAYS U.S. ADDED 263,000 JOBS IN MARCH

Reaction

ADP

  • USD GAINS AFTER ABOVE-EST ADP, NEW HIGH VS JPY AT 111.19
  • FED’S TARULLO SAYS ADP NUMBER CONFIRMS SOLID TREND IS GROWTH
  • JUNE GOLD EXTENDS DECLINES AFTER ADP’S U.S. JOBS REPORT

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