Investing.com - U.S. nonfarm private employment rose much more than expected in November, bolstering optimism over the health of the labor market, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 216,000 in November, above forecasts for an increase of 165,000.
The economy created 119,000 jobs in October, whose figure was revised downwards from a previously reported increase of 147,000.
While not viewed as a reliable guide for the government jobs report due on Friday, December 2, it does give guidance on private-sector hiring.
After the report, EUR/USD was trading at 1.0617 from around 1.0629 ahead of the release of the data, GBP/USD was at 1.2458 from 1.2472 earlier, while USD/JPY was at 113.45 compared to 113.28 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 101.32, compared to 101.23 ahead of the report.
Meanwhile, U.S. stock futures pointed to a slightly higher open. The Dow futures gained 0.21%, the S&P 500 futures advanced 0.23%, while Nasdaq 100 futures inched up 0.01%.
Elsewhere, in the commodities market, gold futures traded at $1,182.50 a troy ounce, compared to $1,185.45 ahead of the data, while crude oil was unchanged at $48.48 a barrel.