U.S. private hiring slows to 15,000 jobs weekly average

ADP data shows U.S. private employers added an average of 15,000 jobs per week in four weeks ending July 11, marking five consecutive weekly slowdowns from 35,750 in early May. Weaker labor data ahead of official NFP reports typically pressures USD and supports lower-yielding pairs like EUR/USD and GBP/USD, as softer employment reduces Fed rate-hike odds.