Dollar slips on weaker ADP jobs data; U.S.-Iran risks rise
The U.S. dollar ticked lower after private-sector employment data came in weaker than estimates, reducing expectations of a Fed rate hike. U.S.-Iran re-escalation concerns also added caution.
WASHINGTON (dpa-AFX) - The U.S.
Dollar value ticked lower after the private-sector employment data turned out to be weaker than estimates, lowering the expectations of a rate hike by the U.S.
Federal Reserve.
Concerns of a broad-based war in the gulf following the recent U.S.-Iran flare-up and the…