Mubasher: US private sector employment increased at a slower pace in March, but beat analysts’ forecasts, and signaled a steady labour market.

Non-farm private sector payrolls rose by 241,000 last month, compared with a growth of 246,000 in February, according to data by the ADP National Employment report

Economists had expected a much slighter increase of 208,000 during March

The rise was driven by a 176,000-job growth in the services sector.

The US Labour Department is scheduled to release its monthly jobs report on Friday.

The US dollar last decreased against the Euro as the EUR/USD pair climbed by 0.13% to $1.2286 by 12:36 pm GMT.