The U.S. Dollar Was Tepid On Thursday, Remains Weak After ADP

By Investing.com

 

The U.S. dollar was tepid on Thursday, despite jobs numbers suggesting the economy was still growing at a moderate pace.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.1% to 98.292 as of 10:44 AM ET (14:44 GMT).

 

Payment processor ADP (NASDAQ: ADP) said private hiring came in stronger than expected, with private payrolls increasing by 195,000 in August after rising by 142,000 in July.

The ADP (NASDAQ: ADP) report, which is jointly developed with Moody's Analytics, came ahead of the release of the government's more comprehensive employment report on Friday. Read the full story on Investing.com

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