Yen, euro gain on dollar

The US dollar weakened in relation to the euro and the yen Wednesday after a private report showed that the US lost jobs at a much higher rate than expected in December, but both the Brazilian real and the Canadian dollar slipped versus the greenback.

With the official Labor Department jobs figures for December to be released Friday, a report from ADP Employer Services showed that the US lost almost 700,000 jobs in the month, the most for any one-month period since ADP began keeping records in 2001.

At late morning in New York, the dollar traded at $1.3693 to the euro while it took ¥92.97 to buy a dollar.

The euro also gained on the yen, which traded at ¥126.8862 to the euro, while the pound traded at 89.79p to the shared currency.

The Brazilian real declined versus the greenback after commodities prices fell and on the report of US job losses, trading at R$2.2317 to the dollar just before noon in New York.

The same two issues, jobs and commodities prices, also weakened the Canadian dollar in relation to its US counterpart, with the loonie trading at C$1.1883 to the dollar.

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