U.S. dollar falls amid economic data

Source: Xinhua| 2017-10-05 04:07:47|Editor: huaxia
Video PlayerClose

NEW YORK, Oct. 4 (Xinhua) -- The U.S. dollar declined against most other major currencies on Wednesday, as investors meditated on a string of economic reports.

U.S. private sector employment increased by 135,000 in September, which is much lower than the August reading of 228,000, according to ADP National Employment Report released on Wednesday.

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

Meanwhile, economic activity in the non-manufacturing sector grew in September for the 93rd consecutive month, the Institute for Supply Management (ISM) said Wednesday.

The ISM's non-manufacturing index came in at 59.8 percent in September, beating market expectations.

Investors also kept a close eye on Federal Reserve Chair Janet Yellen, who is scheduled to deliver the opening remarks at the Community Banking in the 21st Century research and policy conference in St. Louis later Wednesday afternoon, for more clues on the timing of the next rate hike.

The dollar index, which measures the greenback against six major peers, decreased 0.10 percent at 93.471 in late trading.

In late New York trading, the euro rose to 1.1763 U.S. dollars from 1.1748 dollars in the previous session, and the British pound gained to 1.3247 dollars from 1.3244 U.S. dollars in the previous session. The Australian dollar climbed to 0.7860 dollar from 0.7833 dollar.

The U.S. dollar bought 112.79 Japanese yen, lower than 112.92 yen of the previous session. The U.S. dollar increased to 0.9749 Swiss franc from 0.9740 Swiss franc, and it moved down to 1.2476 Canadian dollars from 1.2492 Canadian dollars. Enditem

KEY WORDS:
YOU MAY LIKE
EXPLORE XINHUANET
010020070750000000000000011100001366591661