US Dollar Index Moves Higher as Employment Data Comes In

US dollar index is higher today, gaining as the latest private-sector employment data from ADP comes in for September. The news indicates a bit of a letup in the pace of hiring, but that isn’t weighing too heavily on the dollar, which is mostly higher against its major counterparts.

The latest report from ADP indicates that the private sector added 200,000 jobs to the US economy in September. The news has resulted in a little bump for the US dollar, which has been reasonably strong the last couple of days.
Greenback continues to gain against the euro, heading higher as policy divergence and concerns about periphery countries remain concerns. Dollar is lower against the pound, though, as the latest positive economic data out of the United Kingdom is giving the sterling a little help.
The dollar index is higher today, thanks to the greenback’s performance against the euro and the yen, which are two heavily weighted currencies in the basket.
At 13:50 GMT US dollar index is up to 96.234, moving higher from the open at 95.901. EUR/USD is lower, falling to 1.1182 from the open at 1.1249. GBP/USD is gaining ground, moving up to 1.5171 from the open at 1.5151. USD/JPY is higher, gaining to 120.0660 from the open at 119.7420.

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