1st LD Writethru: U.S. dollar falls against other currencies

The U.S. dollar fell against other currencies Wednesday after job data of the country came worse than expected, adding to concerns about economic growth.

U.S. private sector employment increased by 169,000 jobs in April compared with the previous month, well below market expectations of 200,000, according to the April ADP National Employment Report on Wednesday.

Investors also followed closely the talks between Federal Reserve Chairwoman Janet Yellen and Christine Lagarde, the managing director of the International Monetary Fund, at the " Finance and Society" conference.

Yellen stressed low interest rates can certainly create risks for financial stability, potential dangers such as high equity market valuations, compressed spreads on high-yield debt, and deterioration in underwriting standards for leveraged loans. However, the chair dropped few hints about the timing of the rate hike.

Analysts believed that a rate increase as early as June could certainly lift dollar, while a delayed one might dampen the currency.

In late New York trading, the euro rode to 1.1356 dollars from 1.11195 dollars of the previous session, and the British pound increased to 1.5248 dollars from 1.5177 dollars. The Australian dollar went up to 0.7967 dollars from 0.7942 dollars. The dollar bought 119.35 Japanese yen, lower than 119.87 yen of the previous session. The dollar moved down to 0.9148 Swiss francs from 0.9262 Swiss francs, and it decreased to 1.2046 Canadian dollars from 1.2069 Canadian dollars. Endite