US dollar slips amid jobs data

US dollar slips amid jobs data

NEW YORK, Dec. 2 (Xinhua) — The U.S. dollar weakened in late trade on Friday as market participants digested the latest U.S. payrolls data.

The dollar index, which measures the greenback against six major peers, fell 0.18 percent to 104.5460.

In late New York trading, the euro was up at US$1.0537 from US$1.0522 in the previous session, and the British pound was up at US$1.2289 from US$1.2257 in the previous session.

The US dollar bought 134.47 Japanese yen, down from 135.24 Japanese yen from the previous session. The US dollar was up to 0.9377 Swiss francs from 0.9367 Swiss francs, and it rose to 1.3463 Canadian dollars from 1.3427 Canadian dollars. The US dollar increased to SEK 10.3254 from SEK 10.3088.

The U.S. Labor Department reported on Friday that the nation’s employers added 263,000 jobs in November, down from October’s revised 284,000, but higher than the consensus estimate of 200,000. The unemployment rate was unchanged at 3.7 percent.

“Another solid increase in payrolls, but another month of fewer jobs than the previous month,” Chris Low, chief economist at FHN Financial, said in a note on Friday.

“There is nothing in this report that will be persuasive to the Fed one way or the other,” he said. “That is, there’s no reason to be more aggressive in elevation, but there’s also no reason to stop hiking either.”





Related Posts: