socialmedian: Dollar remains lower after ADP jobs data

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Dollar remains lower after ADP jobs data

Source: Wall Street Journal

Nov 04, 2009

Summary

NEW YORK (MarketWatch) -- The dollar remained under pressure on Wednesday after ADP Employment Services said private employers cut 203,000 jobs in October, after a revised 227,000 in September that was fewer than initially reported. Last month's tally was close to what some analysts forecast. The dollar index , which tracks the U.S. currency against a trade-weighted basket of major rivals, traded recently at 76.041, down from 76.369 in North American trade late Tuesday. Still to come during the session is the Institute for Supply Management's report on the non-manufacturing sector and the end of the Federal Reserve's policy meeting.

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