GulfBase Live Support
05/03/2015 07:10 AST
The dollar climbed to a fresh 11-1/2-year high on Wednesday, boosted by strong US private-sector jobs growth ahead of the launch of quantitative easing by the European Central Bank.
The dollar hit its highest since September 2003 against a basket of currencies and was last up 0.6 per cent at 95.958. Earlier it struck a high of 96.059.
The ADP National Employment Report showed a gain of 212,000 private-sector jobs. Economists surveyed by Reuters had forecast the ADP to show a gain of 220,000 jobs.
Separately, the Institute for Supply Management said its services index was 56.9 in February, up slightly from 56.7 in January. Analysts were looking for a reading of 56.5 for the sector that makes up the bulk of the US economy, according to a Reuters poll.
Separately, the Institute for Supply Management said its services index was 56.9 in February, up slightly from 56.7 in January. Analysts were looking for a reading of 56.5 for the sector that makes up the bulk of the US economy, according to a Reuters poll.
The ADP data signals strength in Friday's potentially market-moving US jobs report for February, according to Camilla Sutton, chief currency strategist at Scotiabank in Toronto.
Financial Times
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
US Dollar | 1.00 |
Saudi Riyal | 3.75 |
Derham Emirati | 3.67 |
Qatari Riyal | 3.65 |
Kuwaiti Dinar | 0.30 |
Bahraini Dinar | 0.38 |
Omani Riyal | 0.39 |
Euro | 0.81 |
British Pound | 0.71 |
Japanese Yen | 104.70 |
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