Forex Pros – The U.S. dollar was mixed against other major currencies on Wednesday, in the wake of better-than-expected data on German unemployment and ahead of a key U.S. jobs report. The greenback was down against the euro and pound, with EUR/USD gaining 0.23% to hit 1.3445 and GBP/USD climbing 0.29% to hit 1.5112. Earlier in the day, official data showed that German unemployment fell unexpectedly in March by 31,000 from the previous month to a seasonally adjusted 3.382 million. Meanwhile, the greenback also slipped versus its Canadian counterpart and the Swiss franc, with USD/CAD shedding 0.38% to hit 1.0163 and USD/CHF dropping 0.22% to hit 1.0642. But the U.S. dollar rose against the yen, the Aussie and the kiwi: AUD/USD fell 0.47% to hit 0.9153, NZD/USD fell 0.16% to reach 0.709 and USD/JPY gained 0.52% to hit 93.25. Earlier Wednesday, a government report showed that Australian retail sales and building approvals tumbled unexpectedly in February. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.2%. Also Wednesday, the data processing firm ADP was set to publish a key report on U.S. nonfarm employment change, which comes ahead of the U.S. Labor Department's monthly employment report Friday.

Source