U.S. dollar rises on upbeat jobs data
Xinhua, April 5, 2017 Adjust font size:
The U.S. dollar climbed against most major currencies on Wednesday as investors were digesting the upbeat jobs data from the country.
U.S. private sector employment increased by 263,000 jobs from February to March, on a seasonally adjusted basis and well above the market consensus of 185,000, according to the March ADP National Employment Report Wednesday.
The ADP figure is widely seen as a pre-indicator for the non-farm payrolls report due on Friday. Analysts said the nonfarm jobs might also be better than expected.
The dollar index, which measures the greenback against six major peers, was up 0.19 percent at 100.730 in late trading.
In late New York trading, the euro declined to 1.0656 dollars from 1.0663 dollars, and the British pound rose to 1.2474 dollars from 1.2446 U.S. dollars in the previous session. The Australian dollar increased to 0.7580 U.S. dollar from 0.7562 U.S. dollar.
The U.S. dollar bought 111.27 Japanese yen, higher than 110.72 yen of the previous session. The U.S. dollar rose to 1.0064 Swiss francs from 1.0023 Swiss francs, and it edged up to 1.3424 Canadian dollars from 1.3412 Canadian dollars. Endite