US dollar ascends on upbeat ADP jobs data
The US dollar strengthens on Thursday as the market is preparing for a bunch of US data ahead of the July 4 Independence Day. Based on the ADP National Employment Report, private employers added 237,000 in June, the largest gain since December. The greenback finished at $1.1044 per euro. Against the Japanese yen, the dollar fetched ¥123.22. Additional improvement in the labor sector may bolster speculations for a rate hike this year. But it “risks a further delay in the Fed's normalization cycle,” said David Song, Currency Analyst at DailyFX.
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