Dollar deepens losses after US monthly jobs report

2021-05-07 20:15:20 GMT (Economies.com)
Dollar deepens losses after US monthly jobs report

The US dollar slumped against its peers on Friday, after the release of a disappointing monthly jobs report.

 

Data showed that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.

 

The US unemployment rate rose to 6.1% in April from 6% in March, while analysts forecast a drop to 5.8%.

 

Chinese data showed today that the country's service PMI rose to 56.3 points in April, beating forecasts of 54.2 points.

 

The Chinese trade balance recorded a surplus of 277 billion yuan, better than forecasts of 130 billion yuan.

 

The dollar index fell against a basket of currencies by 0.8% to 90.2 points as of 19:42 GMT, after it hit a high of 90.9 points and a low of 90.2 points.

 
 
 
  Symbol Last Change Chg.%
1.1929
0.0027
0.2302%
1.3919
0.0025
0.1807%
Tadawul
10919.68
6.62
0.06%
25.937
-0.051
0.198%
73.229
1.403
1.953%
75.56
0.32
0.43%
1775.525
-2.865
0.161%
 
 
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