
The dollar index (DXY00) Thursday fell to a 1-week low and finished down by -0.25%. Strength in the yen Thursday undercut the dollar after stronger-than-expected Japanese wage news pushed the yen to a 1-month high against the dollar. The dollar fell to its low Thursday after the US Aug ADP employment change showed employers added the fewest jobs in 3-1/2 years, a dovish factor for Fed policy. However, the dollar recovered from its worst levels after the US Aug ISM services index unexpectedly rose.
The US Aug ADP employment change rose +99,000, weaker than expectations of +145,000 and the smallest increase in 3-1/2 years.