U.S. Dollar Moves Higher After Data

By Mark DeCambreMarketWatch Pulse

The U.S. dollar moved higher against most rivals Wednesday after a reading of private-sector employment showed that jobs were added at a faster pace than the prior month. A reading of U.S. productivity also came in stronger than expected. Employers added 190,000 jobs in August, according to a report from Automatic Data Processing Inc. The ICE U.S. Dollar index [nye: DXY] was at 95.770, or 0.3% higher, up from 95.7000 before the reports. The euro [TPI: USDEUR] ticked lower to $1.1245 from $1.1262 prior to the reports. The response by the yen [TPI: USDJPY was more muted with the Japanese currency little changed at 120.16 after the early Wednesday data.

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