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U.S. dollar falls on soft jobs data

Xinhua, October 6, 2016 Adjust font size:

The U.S. dollar slipped against most major currencies on Wednesday as jobs data from the country came out below expectations.

U.S. private sector employment added 154,000 jobs from August to September, fewer than market consensus of a 170,000-gain, according to the September 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 dollar index, which measures the greenback against six major currencies, was down 0.08 percent at 96.092 in late trading.

In late New York trading, the euro rose to 1.1214 dollars from 1.1201 dollars, and the British pound climbed to 1.2750 dollars from 1.2739 dollars. The Australian dollar increased to 0.7628 dollars from 0.7621 dollars.

The dollar bought 103.55 Japanese yen, higher than 102.82 yen in the previous session. The dollar inched down to 0.9740 Swiss francs from 0.9798 Swiss francs, and it slipped to 1.3165 Canadian dollars from 1.3197 Canadian dollars. Enditem