LONDON/NEW YORK >> The U.S. dollar slid to two-week lows against the yen today after data showed private-sector jobs in the world’s largest economy contracted last month, boosting expectations that the Federal Reserve will cut interest rates two more times this year.

Against the euro and sterling, the dollar fell to one-week troughs in the wake of the jobs data.

Data showed that U.S. private employment shrank by 32,000 jobs last month after a downwardly revised 3,000 decline in August, according to the ADP National Employment Report today. Economists polled by Reuters had forecast private employment increasing 50,000 following a previously reported 54,000 advance in August.

“The dollar reacting poorly makes sense and especially after the big downward revision for August going from posit

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