Traders and investors had already assumed that the US labor market needed support, but the weak ADP report was further evidence of market weakness. It was released just as the flow of official data stopped due to the government shutdown. The duration of the government shutdown could be a key factor, analysts said.
The next Fed rate decision is scheduled for October 29 - there is still time for publications to recover. In Europe, speeches of ECB representatives are expected. Investors will evaluate the comments of officials, and the market may become volatile.
At the moment, EUR/USD is facing a resistance area near the 1.1750 mark, which we wrote about earlier.