The dollar rose on Wednesday as global stock markets steadied and U.S. hiring data encouraged speculation that Federal Reserve policymakers will raise interest rates later this month.
Stock market gains slowed a rush to unwind carry trades that had boosted the safe-haven yen and the low-yielding euro in the past few weeks. Both fell against the dollar on Wednesday.
China's slowing economy and worries about global growth had prompted investors to cut unfavorable bets in the yen and the euro, both of which have been popular for funding trades involving the sale of low-yielding currencies to buy higher-yielding, but riskier, assets.
The dollar index, a measure of six major currencies' value against the greenback, was last up 0.40 percent and had added to gains when ADP reported that U.S. private payrolls increased 190,000 last month.
While that was below economists' expectations for a gain of 201,000 jobs, it was a step up from the 177,000 positions created in July and was followed by revised government data showing nonfarm productivity advanced at its fastest pace in 1-1/2 years during the second quarter.