The U.S. dollar traded mixed to lower against the most major currencies after the weaker-than-expected U.S. economic data. The Institute for Supply Management's manufacturing purchasing managers' index for the U.S. declined to 51.5 in March from 52.9 in February, missing expectations for a decline to 52.5. It was the fifth consecutive decline.
The harsh weather, higher health-care costs and the stronger dollar weighed on the index.
Private sector in the U.S. added 189,000 jobs in March, according the ADP report on Wednesday. It was the slowest pace since January 2014.
February's figure was revised up to 214,000 jobs from a previous reading of 212,000 jobs.
Analysts expected the private sector to add 231,000 jobs.
Construction spending in the U.S. declined 0.1% in February, in line with expectations, after a 1.7% drop in January. It was the second consecutive decline.
January's figure was revised down from a 1.1% decrease.
A 0.8% decrease in public construction outlays weighed on construction spending.
The euro traded mixed against the U.S. dollar. Eurozone's final manufacturing purchasing managers' index (PMI) rose to 52.2 in March from a preliminary reading of 51.9. Analysts had expected the final index to remain unchanged at 51.9.
Germany's final manufacturing PMI increased to 52.8 in March from a preliminary reading of 52.4. Analysts had expected the final index to remain unchanged at 52.4.
France's final manufacturing PMI climbed to 48.8 in March from a preliminary reading of 48.2. Analysts had expected the final index to remain unchanged at 48.2.
Concerns over Greece's debt problems continue to weigh on the euro.
The British pound traded higher against the U.S. dollar. The U.K. manufacturing PMI increased to 54.4 in March from 54.0 in February, missing expectations for a rise to 54.5. February's figure was revised down from 54.1.
The Swiss franc traded mixed against the U.S. dollar. The manufacturing purchasing managers' index in Switzerland was up to 47.9 in March from 47.3 in February, beating expectations for a decline to 47.2.
The New Zealand dollar traded higher against the U.S. dollar. In the overnight trading session, the kiwi traded mixed against the greenback in the absence of any economic reports from New Zealand.
The kiwi was supported by the better-than-expected Chinese manufacturing PMI. Chinese manufacturing PMI rose to 54.1 in March from 49.9 in February, beating expectations for a decline to 49.7.
Chinese final HSBC manufacturing PMI climbed to 49.6 in March from 49.2 in February, exceeding expectations for a gain to 49.3.
The Australian dollar traded higher against the U.S. dollar. In the overnight trading session, the Aussie traded higher against the greenback after the better-than-expected building permits from Australia. Building approvals in Australia fell 3.2% in February, beating expectations for a 3.7% decline, after a 5.9% increase in January. January's figure was revised down from a 7.9% rise.
The AIG manufacturing index increased to 46.3 in March from 45.4 in February.
The Japanese yen rise against the U.S. dollar. In the overnight trading session, the yen traded higher against the greenback after the release of the economic data in Japan. Japan's Tankan manufacturing index remained unchanged at 12 in the first quarter. Analysts had expected an increase to 14.
Japan's Tankan non-manufacturing index rose to 19 in the first quarter from 16 in the fourth quarter, exceeding expectations for a rise to 17.
Japanese final manufacturing PMI declined to 50.3 in March from 50.4 in February. Analysts had expected the index to remain unchanged at 50.4.
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