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ADP employment report: -473,000 private non-farm jobs

By   || July 1, 2009 at 12:16 GMT
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Looks like the market may have been betting on an upbeat ADP report as we ran up to 1.4104 ahead of the data only to slide to 1.4080 level on the unexpectedly weak report.

US equities have dipped after the data, up 3.5 S&P points from up 5.5 pts ahead of the report.

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