The dollar fell against most major currencies on Wednesday after a report showed the biggest job loss in U.S. private sector in nearly 6 years.
U.S. private-sector employers slashed 79,000 jobs in June, the largest drop since November 2002, according to a report by ADP Employer Services released on Wednesday.
It raised concerns about the monthly non-farm payroll report to be released by the U.S. Labor Department on Thursday. The ADP number has been significantly higher than the official payroll reports in the past few months.
The European Central Bank (ECB) is expected to raise key interest rate by 0.25 percent on a Thursday meeting. The dollar could slide lower if the ECB remains hawkish in its statement after the meeting.
The euro bought 1.5888 dollars in late New York trading compared with 1.5793 dollars it bought late Tuesday. The British pound fell to 1.9936 dollars from 1.9944 dollars.
The dollar fell to 1.0142 Swiss francs from 1.0195 Swiss francs, and fell to 105.99 Japanese yen from 106.01 Japanese yen. It fell to 1.0122 Canadian dollars from 1.0230 Canadian dollars.
Source:Xinhua
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