Foreign exchange market. American session: the Canadian dollar rose against the U.S. dollar after the Bank of Canada's interest rate decision

The U.S. dollar traded higher against the most major currencies after the mixed U.S. economic data. The Institute for Supply Management's non-manufacturing purchasing managers' index for the U.S. climbed to 56.9 in February from 56.7 in January, beating expectations for a decline to 56.5.

A reading above 50 indicates a growth in the service sector.

Private sector in the U.S. added 212,000 jobs in February, according the ADP report on Wednesday.

January's figure was revised up to 250,000 jobs from a previous reading of 213,000 jobs.

Analysts expected the private sector to add 219,000 jobs.

The euro dropped against the U.S. dollar. Retail sales in the Eurozone rose 1.1% in January, beating expectations for a 0.2% increase, after a 0.4% gain in December. December's figure was revised up from a 0.3% rise.

On a yearly basis, retail sales in the Eurozone surged 3.7% in January, after a 3.1% increase in December. December's figure was revised up from a 2.8% gain.

Eurozone' final services purchasing managers' index (PMI) fell to 53.7 in February from a preliminary reading of 53.9. Analysts had expected the final index to remain unchanged at 53.9.

Germany's final services PMI declined to 54.7 in February from a preliminary reading of 55.5. Analysts had expected the final index to remain unchanged at 55.5.

France's final services PMI remained unchanged at 53.4 in February, in line with expectations.

The British pound declined against the U.S. dollar. Markit's and the Chartered Institute of Purchasing & Supply's services purchasing managers' index (PMI) for the U.K. decreased to 56.7 in February from 57.2 in January, missing expectations for a rise to 57.6.

The Canadian dollar rose against the U.S. dollar after the Bank of Canada's interest rate decision. The Bank of Canada (BoC) kept its interest rate unchanged at 0.75%. This decision was expected by analysts.

Canada's central bank said that the nation's economy "the current degree of monetary policy stimulus is still appropriate".

The BoC pointed out that "the risks around the inflation profile are now more balanced".

The New Zealand dollar traded lower against the U.S. dollar. In the overnight trading session, the kiwi traded mixed against the greenback in the absence of any major economic reports from New Zealand.

The Australian dollar traded lower against the U.S. dollar. In the overnight trading session, the Aussie traded mixed against the greenback after the Australian gross domestic product (GDP). Australia's GDP climbed 0.5% in the fourth quarter, in line with expectations, after a 0.4% rise in the third quarter. The third quarter's figure was revised up from 0.3% increase.

On a yearly basis, Australia's GDP rose 2.5% in the fourth quarter, in line with expectations, after a 2.7% gain in the third quarter.

Chinese HSBC services purchasing managers' index (PMI) also supported the Aussie. The index rose to 52.0 in February from 51.8 in January.

The Japanese yen traded lower against the U.S. dollar. In the overnight trading session, the yen traded lower against the greenback in the absence of any major economic reports from Japan.