U.S. Dollar Steady Ahead of Jobs Report

The U.S. dollar clung onto modest gains early on Thursday, having risen broadly on the back of a report that showed solid hiring in the U.S. private sector.

The figures from payrolls processor ADP added to a string of bullish U.S. data ranging from manufacturing to auto sales, supporting the view that the U.S. economy has bounced back smartly after a first-quarter slump.

Benchmark U.S. Treasury yields rose to the highest in over a week at 2.63 percent in reaction to the data, which in turned helped lift the dollar against a basket of major currencies.

CNBC

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