FOREX-U.S. dollar crowns best quarter since June 2018 with one-year high vs yen

    * Dollar marks one-year high vs yen
    * Euro hits 5-month low vs dollar
    * ADP data shows increased hiring for February
    * Graphic: World FX rates

 (New throughout, updates prices, market activity and comments, adds FX table)
    By Gertrude Chavez-Dreyfuss
    NEW YORK, March 31 (Reuters) - The dollar rose on Wednesday, hitting a one-year high versus the yen and
multi-month peaks with other currencies as investors bet fiscal stimulus and aggressive vaccinations will
help the United States lead a global pandemic recovery. 
    The dollar index, a gauge of the greenback against six major currencies, however fell 0.1% to 93.189
. But it posted its biggest quarterly gain since June 2018, up 3.56%.
    The index rose as far as 93.439, the highest in almost five months. It has climbed from close to 90 at
the start of March, on course for its best month since July 2019.
    The greenback held its gains following data showing the U.S. economy added more than 500,000 private
sector jobs in February.
    U.S. private payrolls increased by 517,000 jobs last month, the ADP National Employment Report showed on
Wednesday, slightly lower than market forecasts. Data for February was revised up to show 176,000 jobs added
instead of the initially reported 117,000.
    "While ADP isn't a reliable gauge of how nonfarm payrolls might fare, it paints an improving picture of
the labor market," said Joe Manimbo, senior market analyst at Western Union Business Solutions, in a
research note.
    Wall Street economists are forecasting U.S. non-farm payrolls, due on Friday, of 647,000.
    "Given markets' lofty expectations for March hiring, seen up by 650,000, the dollar could fall prey to
the buy the rumor of good news and sell on the fact," he added.
    The dollar set a one-year top of 110.97 yen and was last up 0.33% at 110.71 yen. For the
quarter, the dollar posted gains of more than &%, its best performance since December 2016.
    The euro, meanwhile, fell to a five month low versus the dollar at $1.1702, but was last up 0.12% at
$1.1730. On the quarter, the euro was on track for its weakest showing since September 2019.
    The dollar has been supported overall by a surge in U.S. bond yields, which make the currency more
attractive as an investment.
    The yield on the benchmark 10-year Treasury note jumped to a one-year high of 1.776% on
    "With U.S. Treasuries meaningfully under pressure yesterday, the environment is clearly supportive for
the U.S. dollar, particularly as Europe continues to battle with a third Covid wave," said ING's global head
of markets, Chris Turner, in a note to clients. 
    U.S. President Joe Biden announced his long awaited infrastructure plan late in the day, outlining
sweeping use of government power to reshape the world's largest economy and counter China's rise in a $2
trillion-plus proposal that has been met with swift political resistance.
    In the cryptocurrency market, bitcoin briefly topped $59,000, trying to close the distance to the record
peak at $61,781.83 set earlier this month. It was last up 0.27% at $58,986. It gained 103% in the
quarter featuring wider adoption by investors and corporations and increasing focus on its use in commercial
    PayPal Holdings said Tuesday it launched a "Checkout with Crypto" service, which will allow
U.S. users to use their cryptocurrency holdings to pay online merchants worldwide, adding to the growing
global acceptance of the digital tokens on both Wall Street and Main Street.
    Currency bid prices at 5:25PM (2125 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct       High Bid    Low Bid
                                              Previous                   Change                   
 Dollar index                 93.1730        93.2350     -0.06%         3.547%        +93.4390    +92.9820
 Euro/Dollar                  $1.1726        $1.1730     -0.01%         -4.00%        +$1.1730    +$1.1728
 Dollar/Yen                   110.7100       110.7100    +0.01%         +7.16%        +110.7100   +110.7200
 Euro/Yen                     129.84         129.87      -0.02%         +2.30%        +129.8800   +129.8600
 Dollar/Swiss                 0.9436         0.9437      -0.01%         +6.66%        +0.9436     +0.9435
 Sterling/Dollar              $1.3779        $1.3781     -0.03%         +0.83%        +$1.3779    +$1.3771
 Dollar/Canadian              1.2558         1.2563      +0.00%         -1.35%        +1.2563     +1.2562
 Aussie/Dollar                $0.7596        $0.7594     +0.00%         -1.28%        +$0.7597    +$0.0000
 Euro/Swiss                   1.1067         1.1070      -0.03%         +2.41%        +1.1069     +1.1068
 Euro/Sterling                0.8507         0.8510      -0.04%         -4.81%        +0.8512     +0.8509
 NZ                           $0.6982        $0.6984     -0.03%         -2.77%        +$0.6984    +$0.6982
 Dollar/Norway                8.4980         8.5570      +0.00%         -0.35%        +0.0000     +0.0000
 Euro/Norway                  10.0270        10.0280     -0.01%         -4.20%        +10.0370    +10.0140
 Dollar/Sweden                8.7216         8.7282      -0.01%         +6.41%        +8.7329     +8.7230
 Euro/Sweden                  10.2312        10.2327     -0.01%         +1.54%        +10.2435    +10.2394
 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Alden Bentley and Ritvik Carvalho in
London; Editing by William Maclean, David Gregorio and Diane Craft)