U.S. Dollar Falls as Job Growth Numbers Disappoint
Friday, 8 March 2019 23:26 WIB |
CURRENCIES |Dolar Indeks Dolar
The greenback was lower on Friday after data showed the U.S. economy only added 20,000 jobs in February, well below expectations, as the economy nears full employment.
The numbers point a mixed picture of the health of the U.S. economy, as the unemployment rate dropped more than expected and wage inflation accelerated beyond forecasts.
The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, lost 0.35% to 97.285 as of 9:17 AM ET (14:17 GMT).
Meanwhile, trade tensions also lead to a decline in the dollar.
The dollar declined against the safe-haven yen, with USD/JPY falling 0.2% to 111.68.
The loonie was higher, with USD/CAD down 0.19% to 1.3425, after data showed its economy added more jobs than expected in February.
Elsewhere, AUD/USD increased 0.3% to 0.7032 while NZD/USD slipped 0.6% to 0.6794.
The pound was lower with GBP/USD down 0.18% to 1.3058, as Prime Minister Theresa May said in a speech that no one knows what would happen if her Brexit deal is not passed through Parliament. The euro rose due to the weaker dollar, with EUR/USD up 0.3% to 1.1230.
Source : Investing.com