The US dollar continued its recovery of the past ten days on Wednesday, helped by very good private sector jobs report for July and ongoing efforts from central bank officials to ease stress in financial markets. But this gain has been limited by a $4 a barrel rebound in crude oil prices after data showed an unexpected decline in US gasoline inventories last week.

The Oil rebound, after an 18% slide to three months lows in the past ten days, reopened worries that higher energy prices would undermine consumer spending and weaken again the US economy.

EurUsd ended down 0.06% to 1.5582, recovering from yesterday one-month 1.5522. UsdJpy was little changed, +0.06%, at 108.15 after climbing to one-month 108.34 high. UsdChf traded as high as 1.0523, one-month high, before easing to 1.0481 +0.24%. GbpUsd rose only 0.04% to 1.9808, after hitting 1.9746 intraday low.

Forex is focusing on tomorrow non-farm payrolls. The Dollar's gains came after the ADP Employer Services report showed US private employers added 9,000 jobs in July after job losses of 77,000 in June. Economists had expected a reading of minus 60,000. Despite the positive employment picture in the private sector, few analysts believe market may reverse gains on Friday's non-farm payrolls report.

Steps by the Federal Reserve, the European Central Bank and their Swiss counterpart to extend liquidity offers investment banks through January 2009 and introduce a new term auction facility also contributed to overall positive sentiment on the Dollar. But remaining worries about the US financial sector should limit the greenback's advance, traders said.