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Markets

Dollar briefly extends losses vs euro after ADP data

NEW YORK : The US dollar briefly extended losses against the euro on Wednesday after data showed the US private sector
Published November 2, 2011 Updated November 2, 2011 03:00pm
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By Imad Uddin
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NEW YORK: The US dollar briefly extended losses against the euro on Wednesday after data showed the US private sector created more jobs than expected in October.

The ADP national employment report showed that US employment grew by 110,000 in the private sector last month, higher than forecasts of 101,000 new jobs.

The euro rose to around $1.37930 after the report and was last at $1.37890, up 0.7 percent.

 

Copyright Reuters, 2011

 

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