The dollar finished sharply lower against the euro Wednesday after payrolls processor ADP released an April employment number that was much weaker than the market had expected, stirring concerns that the U.S. remains in a state of economic malaise.The euro EURUSD, -0.0176% traded at $1.1357, breaking above its 100-day moving average for the first time in a year. It had traded at $1.1184 Tuesday.
A measure of service-sector growth in the U.K. beat forecasts, pushing the pound higher versus the dollar. The British currency GBPUSD, -0.0131% traded at $1.5247, compared with $1.5170 Tuesday. The dollar traded at ¥119.44 USDJPY, +0.06% compared with ¥119.93; the Canadian dollar CADUSD, +0.0249% traded at 83.10 cents, compared with 82.79 cents.
The ICE U.S. Dollar index DXY, +0.03% , a measure of the dollar’s strength against a basket of six rivals, was down 0.7% to 94.4000.
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