News Column

Dollar Slightly Eases After ADP Employment Report

July 30, 2014

BRUSSELS (Alliance News) - Following the release of US ADP private sector employment report for July at 8:15 am ET Wednesday, the greenback eased slightly from early highs against the other major currencies.

The greenback was trading at 102.24 against the yen, 1.6924 against the pound, 1.3398 against the euro and 0.9074 against the franc around 8:17 am ET.

At 8:30 am ET, the first estimate of US GDP data is due. The economy is expected to grow by 3% in second quarter, after contracting 2.9% in the first quarter.

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Source: Alliance News

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