The U.S. dollar fell against other major currencies during early European trading on Wednesday, ahead of the release of key data on non-farm private employment in the United States. The greenback was down against the pound, with GBP/USD rising 0.31% to hit 1.6023. It was also down against the euro and the yen, with EUR/USD rising 0.36% to hit 1.4014 and USD/JPY shedding 0.11% to reach 90.28. The U.S. dollar also fell against its Australian, Canadian and Kiwi counterparts: AUD/USD rose 0.46% to hit 0.8904, USD/CAD shed 0.09% to hit 1.0561 and NZD/USD rose 0.3% to reach 0.7140. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.34%. Later Wednesday, the U.S. Department of Commerce was set to release its monthly ADP National Employment Report on the change in non-farm private employment. Analysts expected the data to show that the sector lost 40,000 jobs in January, down from 84,000 the previous month.

Source