Dollar deepens losses despite upbeat data

The US dollar fell against most currencies on Wednesday, to shrug off better than expected data.

ADP data showed that the US private sector has lost 2.76 million jobs in May, significantly lower than forecasts of -9 million jobs.

While the US Department of Labor will reveal tomorrow the US weekly jobless claims reading, and the monthly jobs report on Friday.

Investors are focusing on the US economy continued reopening measures, despite the continuing civil unrest in several US cities and states.

This came as protests intensified after the killing of an African-American citizen by a local policeman, which many saw as a racist incident.

The dollar index fell against a basket of currencies by 0.4% to 97.2 points as of 18:34 GMT, after it hit a high of 97.6 and a low of 97.2.