May 1, 2019 / 12:49 PM / 21 days ago

Dollar index stays lower after robust ADP jobs data

FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

NEW YORK (Reuters) - The dollar held modest losses against a basket of currencies on Wednesday as payroll processor ADP said U.S. companies added 275,000 workers in April, the biggest monthly gain since last July and exceeding analysts’ forecast of a 180,000 increase.

At 8:28 a.m. (1228 GMT), an index that tracks the greenback against the euro, yen, sterling and three other currencies was 0.05% lower at 97.426.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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