Investing.com - U.S. non-farm private employment rose broadly in line with market expectations in May, underlining optimism over the health of the labor market and supporting the case for a near-term rate hike, industry data showed on Thursday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 173,000 last month, just below expectations for an increase of 175,000.
The economy created 166,000 jobs in April, whose figure was upwardly revised from a previously reported increase of 156,000.
While not viewed as a reliable guide for the government jobs report due on Friday, June 3, it does give guidance on private-sector hiring.
EUR/USD was trading at 1.1189 from around 1.1194 ahead of the release of the data, GBP/USD was at 1.4457 from 1.4468 earlier, while USD/JPY was at 109.02 compared to 108.92 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 95.36, compared to 95.29 ahead of the report.
Meanwhile, U.S. stock futures pointed to a lower open. The Dow futures indicated a loss 0.15%, the S&P 500 futures pointed to a drop of 0.2%, while Nasdaq 100 futures slipped 0.15%.
Elsewhere, in the commodities market, gold futures traded at $1,216.50 a troy ounce, compared to $1,218.40 ahead of the data, while crude oil traded at $48.90 a barrel from $48.91 earlier.