Dollar Mixed After ADP Employment Data

Chicago (Apr 17)  The U.S. dollar showed mixed trading in European deals on Wednesday after U.S. private sector jobs data in February.

Employment in the U.S. private sector showed a notable increase in the month of March, according to a report released by payroll processor ADP today, with the report also showing a substantial upward revision to the job growth in the previous month.

ADP said private sector employment increased by 191,000 jobs in March following an upwardly revised increase of 178,000 jobs in February.

The greenback rose to 0.8851 against the franc and 1.3778 against the euro, bouncing off from an early low of 0.8819 and a multi-day low of 1.3820.

The greenback edged down to 103.61 against the yen, after advancing to new 2-month high of 103.93 in the Asian session.

The dollar fell back against the pound with pair trading around 1.6651, compared to an early high of 1.6622.

Source: RTT