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U.S. dollar slips on mixed data

Xinhua, September 1, 2016 Adjust font size:

The U.S. dollar declined against most major currencies on Wednesday as economic data from the country came out mixed.

U.S. private sector employment added 177,000 jobs from July to August, above the market consensus of 175,000, according to the August ADP National Employment Report on Wednesday.

The ADP figure is watched closely as a pre-indicator for the non-farm payrolls report due Friday.

The greenback was under pressure, however, after data showed business growth has slowed in Chicago in August based on the city's PMI (Purchasing Mangers' Index) which fell more than 4 points to 51.5, below market consensus of 53.0.

The dollar index, which measures the greenback against six major currencies, was down 0.01 percent at 96.043 in late trading.

In late New York trading, the euro rose to 1.1152 dollars from 1.1137 dollars of the previous session, and the British pound increased to 1.3128 dollars from 1.3078 dollars. The Australian dollar climbed to 0.7516 dollars from 0.7505 dollars.

The dollar bought 103.44 Japanese yen, higher than 103.10 yen in the previous session. The dollar decreased to 0.9832 Swiss francs from 0.9840 Swiss francs, and it inched up to 1.3121 Canadian dollars from 1.3088 Canadian dollars. Enditem