US dollar slips on mixed data

The US dollar declined against most major currencies as economic data from the country came out mixed.

In late New York trading on Wednesday, the euro rose to $1.1152 from $1.1137 of the previous session, and the British pound increased to $1.3128 from $1.3078, Xinhua news agency reported.

The Australian dollar climbed to $0.7516 from $0.7505.

The dollar bought 103.44 Japanese yen, higher than 103.10 yen in the previous session. The dollar decreased to 0.9832 Swiss francs from 0.9840 Swiss francs, and it inched up to 1.3121 Canadian dollars from 1.3088 Canadian dollars.

US private sector employment added 177,000 jobs from July to August, above the market consensus of 175,000, according to the August ADP National Employment Report on Wednesday.

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

The dollar index, which measures the greenback against six major currencies, was down 0.01 per cent at 96.043 in late trading.

--IANS

pgh/