30.08, 9:49 AM ET
LONDON (Thomson Financial) - The dollar jumped higher against all major currencies after a surprise rise in ADP's U.S. private payrolls data.
The ADP National Employment Report showed a gain of 9,000 jobs in the private sector in July, confounding expectations of a loss of 50,000 to 60,000 jobs
Adding in the roughly 20,000 government jobs created monthly over the past year, the data suggests the closely watched non-farm payrolls data due to be released Friday will show a gain of 29,000 for July.
At 1.30 p.m., the dollar had strengthened to $1.5552 per euro from $1.5586 prior to the data. The pound fell to $1.9781 from 1.9814, while the yen weakened to 108.17 per dollar from 107.87.
chinny.li@thomsonreuters.com
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