U.S. dollar skids after disappointing jobs report

Sun, 20 Jun 2021

U.S. dollar skids after disappointing jobs report

Xinhua
08 May 2021, 05:49 GMT+10

NEW YORK, May 7 (Xinhua) -- The U.S. dollar sank in late trading on Friday, following a U.S. jobs report that fell well short of estimates.

The dollar index, which measures the greenback against six major peers, decreased 0.78 percent at 90.2409.

In late New York trading, the euro increased to 1.2165 U.S. dollars from 1.2055 dollars in the previous session, and the British pound rose to 1.3996 dollars from 1.3884 U.S. dollars in the previous session. The Australian dollar was up to 0.7846 U.S. dollar from 0.7772 dollar.

The U.S. dollar bought 108.61 Japanese yen, lower than 109.04 Japanese yen of the previous session. The U.S. dollar was down to 0.9010 Swiss franc from 0.9087 Swiss franc, and it fell to 1.2141 Canadian dollars from 1.2184 Canadian dollars.

U.S. employers added 266,000 jobs in April, with the unemployment rate little changed at 6.1 percent, the Labor Department reported Friday.

The April employment report was weaker than Wall Street's expectations. Economists surveyed by Dow Jones and The Wall Street Journal had forecast 1 million new jobs.

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