US dollar falls after jobs report


New York, June 4 (Xinhua) -The US dollar fell in the second half of Friday as market participants digested the newly announced wage figures.

The dollar index, which measures the greenbacks against the six major peers, fell 0.41% to 90.1401.

At New York’s closing price, the Euro rose from $ 1.2125 to $ 1.2165 in the previous session and the British Pound rose from $ 1.4095 to $ 1.4159 in the previous session. The Australian dollar fell from $ 0.7651 to $ 0.7743.

The US dollar bought 109.50 yen, which was lower than 110.29 yen the day before. The US dollar went from 0.9041 CHF to 0.8991 CHF and from 1.2104 CAD to 1.2074 CAD.

Economically, US employers created 559,000 jobs in May, recovering from the fall in jobs in April, and the unemployment rate fell to 5.8%, the Labor Department reported on Friday.

Job growth was remarkable in May in recreation and hospitality, public and private education, and medical and social support, according to a report released by the ministry’s Bureau of Labor Statistics.

Job growth in May was weaker than expected on Wall Street. Economists polled by Dow Jones and the Wall Street Journal predicted 671,000 new jobs.

US dollar falls after jobs report

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