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1st LD Writethru: U.S. dollar rises after sharp drop

Xinhua, February 5, 2015 Adjust font size:

The U.S. dollar climbed against most major currencies on Wednesday after falling to one-year low in the previous session.

The greenback dropped against most of its peers on Tuesday amid Greek debt plan and downbeat economic data. The dollar index, which tracks the greenback against six major currencies, went down 1.00 percent in the previous session, the biggest one-day slump since October 2013. The index was up 0.41 percent at 93.982 in late trading on Wednesday.

On the economic front, U.S. private companies added 213,000 jobs in January, the fewest since October, said the National Employment Report released jointly by Automatic Data Processing ( ADP) and Moody's Analytics on Wednesday, based on a monthly survey.

Economists had expected employment to climb by about 225,000 jobs in January following an upwardly revised increase of 253,000 jobs in December.

In late New York trading, the euro declined to 1.1418 dollars from 1.1487 dollars in the previous session, and the British pound increased to 1.5222 dollars from 1.5168 dollars. The Australian dollar dropped to 0.7781 dollars from 0.7795 dollars.

The U.S. dollar bought 117.36 Japanese yen, lower than 117.60 yen of the previous session. The U.S. dollar went up to 0.9237 Swiss francs from 0.9229 Swiss francs, and it rose to 1.2566 Canadian dollars from 1.2411 Canadian dollars. Endite