EUR/USD
The euro rose over 1.5 percent against the dollar and hit $1.13710, its highest level in roughly 10 weeks after a rise in European yields drove demand for the euro and weak U.S. ADP National Employment Report showed U.S. private employers added 169,000 jobs last month the fewest since January 2014. Meanwhile the data showed reinforced expectations that the Fed will hold off raising rates for longer, came ahead of Friday's U.S. nonfarm payrolls report for April.
GBP/USD
The pound rose against the dollar after data showed that growth in the U.K. service sector jumped to an eight-month high in April and downbeat U.S. ADP National Employment Report showed employment rose by 169,000 last month, below expectations for an increase of 200,000. Meanwhile the investors remained on the sidelines ahead of Thursday’s parliamentary elections.
USD/JPY
Japanese yen rose against dollar, as dollar turned lower after ADP National Employment Report showed U.S. private employers added 169,000 jobs last month the fewest since January 2014. While Investors were looking ahead to a speech by Federal Reserve Chair Janet Yellen, which would be closely watched for any indications on the timing of the first hike in interest rates.
