ADP Employment Change 4-week average increases to 39K

Private-sector hiring in the US has added extra momentum in late March. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 39K jobs per week in the four weeks ending March 28.

EUR/USD: Pair seen returning to 1.20 – Societe Generale

Societe Generale’s Kit Juckes notes that EUR/USD had previously rallied faster than relative rates implied on expectations of a weaker Dollar under President Trump, but now lags rate differentials as the US economy outperforms the Eurozone and retains safe-haven appeal.