国际英语新闻:Dollar gains amid European concerns, upbeat U.S. job data

The European Central Bank has kept interest rate unchanged at a record low of 1 percent, believing that the ultra-loose monetary policy is vital for economic recovery. Bank President Mario Draghi said inflation remained a risk to the economic growth.

The gain of the dollar was also attributed to the upbeat U.S. job data.

The Automatic Data Processing Inc. (ADP) reported that 209,000 jobs were added to private sectors in March, suggesting the U.S. job market is improving. The ADP report also provided some guidance for the upcoming monthly employment report due out on Friday.

The U.S. Labor Department said initial jobless claims decreased slightly to 357,000 last week, falling to the lowest level in four years. The upbeat job data helped raise investors' confidence in the U.S. economy.

The most anticipated non-farm payroll reports showed the U.S. economy added 120,000 jobs in March, and the unemployment rate dropped to a three-year low of 8.2 percent.