Investing.com – The U.S. dollar was down against all the other major currencies on Wednesday, following the release of worse-than-expected U.S. data on ADP non-farm payrolls.
During European late afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.62% to hit 1.3925.
Earlier in the day, Fitch Ratings Agency downgraded Ireland’s debt rating to A from AA-, and said the outlook for the nation’s rating was negative.
The greenback was also down against the pound, with GBP/USD gaining 0.08% to hit 1.5903.
Elsewhere, the dollar was down against the Swiss franc and the yen, with USD/CHF shedding 0.45% to hit 0.9617 and USD/JPY falling 0.48% to hit 82.82.
In addition, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD tumbling 0.79% to hit 1.0078, AUD/USD gaining 0.56% to hit 0.9772 and NZD/USD advancing 0.55% to hit 0.7533.
Earlier in the day, industry data showed that Canada's Ivey PMI rose unexpectedly in September.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.55%.
Earlier Wednesday, U.S. payroll processing firm ADP said non-farm private employment declined by a seasonally adjusted 39K in September, after rising by a revised 10K in August.
Analysts had expected non-farm private sector employment to increase by 18K in September.
During European late afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.62% to hit 1.3925.
Earlier in the day, Fitch Ratings Agency downgraded Ireland’s debt rating to A from AA-, and said the outlook for the nation’s rating was negative.
The greenback was also down against the pound, with GBP/USD gaining 0.08% to hit 1.5903.
Elsewhere, the dollar was down against the Swiss franc and the yen, with USD/CHF shedding 0.45% to hit 0.9617 and USD/JPY falling 0.48% to hit 82.82.
In addition, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD tumbling 0.79% to hit 1.0078, AUD/USD gaining 0.56% to hit 0.9772 and NZD/USD advancing 0.55% to hit 0.7533.
Earlier in the day, industry data showed that Canada's Ivey PMI rose unexpectedly in September.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.55%.
Earlier Wednesday, U.S. payroll processing firm ADP said non-farm private employment declined by a seasonally adjusted 39K in September, after rising by a revised 10K in August.
Analysts had expected non-farm private sector employment to increase by 18K in September.