U.S. Dollar Advances in Wake of ADP Employment Data

Frankfurt (Apr 30)   Following the release of US ADP private payrolls report for April at 8:15 am ET Wednesday , the greenback reversed upward against other major currencies.

The greenback was trading at 0.8813 against the franc, 102.59 against the yen, 1.3846 against the euro and 1.6825 against the pound around 8:17 am ET .

The advance estimate for US first quarter GDP is due at 8:30 am ET