Forex - Dollar remains broadly higher after ADP payrolls report

Published 03/30/2011, 08:57 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
USD/CAD
-
NZD/USD
-
Investing.com – The U.S. dollar remained broadly higher against its major counterparts on Wednesday, after payroll processor ADP said U.S. private employers added 201,000 jobs in March, while February's figure was revised down slightly.

During European afternoon trade, the greenback was slightly higher against the euro, with EUR/USD sliding 0.22% to hit 1.4080.

The payrolls data was broadly in line with expectations. Analysts had expected an increase on 210,000 in March. February's figure was revised down to 208,000. It was originally reported as 217,000. 

But the greenback was lower against the pound, with GBP/USD easing up 0.09% to hit 1.6025.

Earlier in the day, a survey by the Confederation of British Industry showed that retail sales growth picked up unexpectedly in March, but the underlying trend for sales remained weak.

Elsewhere, the greenback was higher against the yen and the Swiss franc with USD/JPY surging 0.72% to hit 83.07 and USD/CHF rising 0.26% to hit 0.9223.

Meanwhile, the greenback was lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.43% to hit 0.9702, AUD/USD easing up 0.11% to hit 1.0302 and NZD/USD climbing 0.52% to hit 0.7601.

Earlier Wednesday, government data showing that New Zealand home-building approvals dropped to a two-year low in February, but it was not possible to say how much of the fall was due to the February 22 earthquake that devastated Christchurch.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.20%.

Later in the day, St. Louis Federal Reserve President James Bullard and Federal Reserve Bank of Kansas City President Thomas Hoenig were to speak.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.