Sunday , October 16 2016
Home / Business / US dollar gains

US dollar gains


New York: The US dollar rose against euro as job data of the country came in better than expected.

In late New York trading on Wednesday, the euro lost to $1.1175 from $1.1258 dollars of the previous session, and the British pound decreased to $1.5127 from $1.5162, Xinhua reported.

The Australian dollar went up to $0.7015 from $0.6981.
The dollar bought 119.90 Japanese yen on Wednesday, higher than 119.63 yen of the previous session.

The dollar moved up to 0.9741 Swiss francs from 0.9710 Swiss francs, and it moved down to 1.3338 Canadian dollars from 1.3426 Canadian dollars.

On the economic front, US private sector employment increased by 200,000 jobs from August to September, beating market consensus of 190,000, according to the September ADP National Employment Report on Wednesday.

The ADP figure is watched closely as a pre-indicator for the nonfarm payrolls report due on Friday.

Meanwhile, the Chicago Business Barometer declined 5.7 points to 48.7 in September, well below market estimates, according to the ISM-Chicago Business Survey on Wednesday.


Read Also


Sensex below 28k, drops 388 points for the week