Investing.com - U.S. non-farm private employment rose more than expected in March, boosting 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 200,000 last month, surpassing expectations for an increase of 194,000.
The economy created 205,000 jobs in February, whose figure was downwardly revised from a previously reported increase of 214,000.
While not viewed as a reliable guide for the government jobs report due on Friday, April 1, it does give guidance on private-sector hiring.
EUR/USD was trading at 1.1330 from around 1.1326 ahead of the release of the data, GBP/USD was at 1.4418 from 1.4412 earlier, while USD/JPY was at 112.47 compared to 112.43 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 94.86, compared to 94.88 ahead of the report.
Meanwhile, U.S. stock futures pointed to a higher open. The Dow futures indicated a gain 0.55%, the S&P 500 futures pointed to a rise of 0.5%, while Nasdaq 100 futures tacked on 0.7%.
Elsewhere, in the commodities market, gold futures traded at $1,236.00 a troy ounce, compared to $1,235.00 ahead of the data, while crude oil traded at $38.79 a barrel from $38.77 earlier.