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U.S. dollar edges higher amid jobs data

Xinhua,December 07, 2017 Adjust font size:

NEW YORK, Dec. 6 (Xinhua) -- The U.S. dollar rose against most major currencies Wednesday, as investors mainly focused on the newly-released economic data.

U.S. private sector employment increased by 190,000 jobs from October to November, the November ADP National Employment Report said on Wednesday.

The ADP report is often seen as a preview of the closely watched U.S. nonfarm payrolls data due out on Friday.

Meanwhile, investors continued to monitor the progress of the country's tax reform. Analysts said it seemed it's just a matter of time before the final bill reaches President Donald Trump for final approval, despite the Senate and House of Representative have differences on the tax bill.

The dollar index, which measures the greenback against six major peers, was up 0.21 percent at 93.579 in late trading.

In late New York trading, the euro decreased to 1.1794 dollars from 1.1815 dollars in the previous session, and the British pound shed to 1.3376 dollars from 1.3437 U.S. dollars in the previous session. The Australian dollar lost to 0.7562 dollar from 0.7608 dollar.

The dollar bought 112.26 Japanese yen, lower than 112.59 yen of the previous session. The U.S. dollar rose to 0.9902 Swiss franc from 0.9883 Swiss franc, and it was up to 1.2797 Canadian dollars from 1.2695 Canadian dollars. Enditem