Dollar Weakens Against Euro, Yen As ADP Disappoints

By Markets MarketWatch Pulse

The dollar weakened against the euro, yen and pound Wednesday after a report on private-sector employment came in well below expectations. The ADP employment number for April came in at 156,000, well short of the 200,000 jobs expected. The euro rose to $1.1516 in recent trade, compared with $1.1505 shortly before the data. The dollar slid to 106.40 yen, from 106.64 beforehand. The pound edged higher to $1.4540 after the data, up slightly from $1.4520 beforehand, but remained lower on the day.

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