Forex- Dollar Edges Down as Euro, Sterling Rise

The U.S. dollar continues to fall.

Investing.com – Upbeat private employment data failed to bolster the U.S. dollar, which remained broadly lower against other major currencies on Thursday.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.24% at 91.67 by 11:49 AM ET (16:49 GMT).

Payrolls processor ADP reported on Thursday that U.S. private employers added jobs in December, well above economists’ expectations.

However a separate report showed that U.S. increased by 3,000 last week to 250,000, disappointing expectations for a 6,000 decline. The reports were ahead of the nonfarm payrolls data on Friday, which includes government and private-sector employment.

The greenback had briefly rallied on Wednesday after three weeks of losses after Fed meeting minutes showed policymakers think the U.S. labor market are strong.

The euro and the pound remained higher, with up 0.38% at 1.2062 and with adding 0.18% to 1.3540.

Earlier Thursday, data showed that slowed to its weakest since 2015 in the three months to November, while activity picked up in November.

The yen fell, with up 0.24% at 112.78, while slipped 0.18% to 0.9754.

Elsewhere, the Australian dollar rallied, with up 0.23% at 0.7853, while gained 0.72% to 0.7143.

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