India, Jan. 31 -- The U.S. dollar declined against its major counterparts in the New York session on Wednesday, as the nation's private sector job growth slowed more than expected in January.
Data from payroll processor ADP showed that private sector employment rose by 107,000 jobs in January after climbing by a downwardly revised 158,000 jobs in December.
Economists had expected private sector employment to increase by 145,000 jobs compared to the addition of 164,000 jobs originally reported for the previous month.
The Federal Reserve will announce its monetary policy decision at 2 pm ET and market participants largely expect the committee to keep interest rate unchanged at 5.50 percent.
Optimism about a March rate cut has faded recent...