Investing.com - U.S. non-farm private employment rose more than expected in October, boosting optimism over the health of the economy and supporting the case for a U.S. interest rate hike this year, industry data showed on Wednesday.
In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 182,000 last month, above expectations for an increase of 180,000.
The economy created 190,000 jobs in September, whose figure was downwardly revised from a previously reported increase of 200,000.
While not viewed as a reliable guide for the government jobs report due on Friday, November 6, it does give guidance on private-sector hiring.
EUR/USD was trading at 1.0924 from around 1.0934 ahead of the release of the data, GBP/USD was at 1.5402 from 1.5411 earlier, while USD/JPY was at 121.25 compared to 121.16 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 97.53, compared to 97.46 ahead of the report.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow futures indicated a gain of 0.2% at the open, the S&P 500 futures pointed to a rise of 0.2%, while Nasdaq 100 futures tacked on 0.3%.
Elsewhere, in the commodities market, gold futures traded at $1,119.00 a troy ounce, compared to $1,120.30 ahead of the data, while crude oil traded at $48.00 a barrel from $48.06 earlier.