U.S. dollar ticks up on strong U.S. payroll growth

Source: Xinhua | 2018-10-04

The U.S. dollar rose substantially in late trading Wednesday on better-than-expected payroll growth in September in the United States.

The dollar index, which measures the greenback against six major peers, rose 0.26 percent to 95.7619 at 3:00 p.m. (1900 GMT).

The private sector added 230,000 jobs in September up from 163,000 ones in the previous month, according to the latest ADP National Employment Report issued Wednesday.

The U.S. dollar gained near 0.3 percent against Euro and over 0.9 percent against Australian dollar.

In late New York trading, the euro decreased to 1.1517 dollars from 1.1544 dollars in the previous session, and the British pound fell to 1.2975 dollars from 1.2978 U.S. dollars in the previous session. The Australian dollar was down to 0.7120 dollar from 0.7186 dollar.