The ADP National Employment Report showed private payrolls increased 217,000 last month on top of the upwardly revised 196,000 jobs added in October.
Gold prices extend losses after upbeat U.S. trade data, ADP report
Wednesday's stronger-than-expected ADP report showed that private sector hiring rose in November at the highest rate in a year.
Markets are factoring in relatively weak non-farm payrolls number, at around 155000. But there may be a fall in unemployment rate – moving down to 7.5 percent compared with 7.6 percent
Chin Loo of BNP Paribas, in an exclusive interview on CNBC-TV18, says she expects the euro to weaken even further with the announcement of a new legislation in the pipeline. “The legislation being set up requires a potential haircut for the EU debt post 2013,” she says.