AFP, Tokyo :
The dollar was under pressure Thursday as upbeat jobs data did little to boost hopes for a US interest rate rise, while traders also eyed a Bank of England meeting.
On Wednesday, a report from private US payroll firm ADP said the world’s top economy added 179,000 jobs in July, slightly more than expected.
The figures came ahead of official job-creation figures for July, due on Friday.
But analysts expect only a moderate impact on the chances of a US rate hike this year-a plus for the dollar-even if the figures are strong.
A sluggish second-quarter US GDP report, which showed the economy expanded by just 1.2 percent, was well below the pace of the last two years.
The dollar was under pressure Thursday as upbeat jobs data did little to boost hopes for a US interest rate rise, while traders also eyed a Bank of England meeting.
On Wednesday, a report from private US payroll firm ADP said the world’s top economy added 179,000 jobs in July, slightly more than expected.
The figures came ahead of official job-creation figures for July, due on Friday.
But analysts expect only a moderate impact on the chances of a US rate hike this year-a plus for the dollar-even if the figures are strong.
A sluggish second-quarter US GDP report, which showed the economy expanded by just 1.2 percent, was well below the pace of the last two years.
