Investing.com - The dollar remained broadly higher against a basket of other major currencies on Wednesday, after the release of upbeat U.S. jobs and manufacturing data and as investors remained cautious amid ongoing Greek debt concerns.
The Institute for Supply Management said on Wednesday its index of purchasing managers rose to 53.5 last month from 52.8 in May. Analysts had expected a more modest uptick to 53.1.
Separately, payroll processing firm ADP reported on Wednesday that U.S. non-farm private employment rose by 237,000 last month, above expectations for an increase of 218,000.
The economy created 203,000 jobs in May, whose figure was upwardly revised from a previously reported increase of 201,000.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.50% at 96.23.
EUR/USD dropped 0.59% to 1.1077 even after Greek Prime Minister Alexis Tsipras sent new proposals as part of a request for a third bailout, indicating that he was prepared to accept the majority of spending cuts demanded by the country’s creditors.
But German chancellor Angela Merkel said Wednesday there will be no negotiations on a new bailout for Greece before Sunday’s referendum.
On Wednesday Greece became the first developed country to default on the International Monetary Fund after its second bailout program expired late Tuesday. The IMF confirmed that the Greek government failed to make a scheduled €1.6 billion loan repayment.
The fund said Greece can now only receive further funding after its arrears are cleared. Greece asked for a last-minute repayment extension on Tuesday, which the fund said it will consider "in due course."
Speculation was mounting that Prime Minister Tsipras would cancel a snap referendum due to be held on July 5 on whether to accept the terms proposed by lenders for extending the country’s bailout.
Earlier Wednesday, research group Markit said that Germany's manufacturing PMI remained unchanged at 51.9 last month, while France's manufacturing PMI ticked up to 50.7 in June from 50.5 the previous month.
The pound was also lower, with GBP/USD down 0.48% to 1.5634.
Markit earlier reported the U.K. manufacturing PMI fell to a 26-month low of 51.4 last month from 51.9 in May, whose figure was revised from a previously estimated reading of 52.0. Analysts had expected the index to rise to 52.5 in June.
Elsewhere, the dollar was higher against the yen and the Swiss franc, with USD/JPY up 0.38% to 122.97 and with USD/CHF gaining 0.65% to 0.9426.
The Australian and New Zealand dollars were weaker, with AUD/USD down 0.46% to 0.7668 and with NZD/USD slipping 0.23% to 0.6749, re-approaching Tuesday's five-year lows of 0.6744.
Meanwhile, USD/CAD rose 0.47% to trade at 1.2550.