Agence France-Presse
US Currency. AP Photo
NEW YORK CITY ? The dollar skidded lower against other major currencies on Friday after the US jobs report came in weaker than expected.
The euro bought $1.3279 around 2100 GMT, up from $1.3208 at the same time Thursday.
The dollar fell to 98.89 yen from 99.52, while the euro slipped against the Japanese currency, to 131.35 yen from 131.45.
?The US dollar is lower, reversing earlier intraday gains after the release of a soft US jobs report,? said Nick Bennenbroek of Wells Fargo.
The Labor Department?s monthly jobs report came in mixed and weaker than expected.
The unemployment rate fell to 7.4 percent in July from 7.6 percent in June, but on the downside the US added only 162,000 jobs, far short of expectations. Job gains in prior months were revised lower.
?With the market primed for a blockbuster number, today?s just-average results were a clear disappointment to dollar bulls,? said Boris Schlossberg of BK Asset Management.
Source: http://business.inquirer.net/136391/dollar-falls-after-lackluster-us-jobs-report
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