U.S. dollar rises amid Fed decision

Source: Xinhua| 2017-11-02 04:51:19|Editor: huaxia
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NEW YORK, Nov. 1 (Xinhua) -- The U.S. dollar rose against most major currencies on Wednesday after the Federal Reserve left its benchmark interest rates unchanged.

The U.S. labor market "has continued to strengthen" and economic activity "has been rising at a solid rate" despite hurricane-related disruptions, the Fed's policy-making committee said in a statement released after its two-day meeting.

On the economic front, U.S. private sector employment increased by 235,000 jobs from September to October, beating market estimates, said the October ADP National Employment Report on Wednesday.

The ADP report is often seen as a preview for the closely-watched U.S. nonfarm payrolls data due out on Friday.

The dollar index, which measures the greenback against six major peers, was up 0.23 percent at 94.772 in late trading.

In late New York trading, the euro decreased to 1.1622 U.S. dollars from 1.1653 U.S. dollars, and the British pound decreased to 1.3254 U.S. dollars from 1.3281 U.S. dollars. The Australian dollar increased to 0.7669 U.S. dollar from 0.7660 U.S. dollar.

The U.S. dollar bought 114.18 Japanese yen, higher than 113.68 yen of the previous session. The U.S. dollar increased to 1.0031 Swiss franc from 0.9973 Swiss franc, and it edged down to 1.2878 Canadian dollars from 1.2899 Canadian dollars. Enditem

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