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Private payrolls procesed by ADP, rose by 179,000 while employment remains the strongest pillar of the US economic recovery, despite the weak report in May. The market expects the US economy to add 150K-180K new jobs after a 287K gain in June. Improvements in wage growth and lower unemployment are also expected, which would boost the USD.
NFP expectations are lower than six months average, the most optimistic estimates around 180K, but jobs creation was steady despite other parts of the economy.
Remains to be seen if the report will move the markets or if the fundamentals are not in focus right now.
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