Dollar inches lower after US monthly jobs report

Economies.com
2021-12-03 19:53PM UTC

The US dollar fell against most currencies on Friday, after the mixed monthly jobs report.

 

The highly contagious Omicron variant has appeared in more than 20 countries so far, as the US yesterday reported its second case but with mild symptoms so far.

 

The US Department of Labor reported today that the economy has added 210,000 new jobs in November, missing forecasts of 570,000 new jobs.

 

The unemployment rate fell to 4.2% from 4.6% in September, better than forecasts of 4.5%.

 

The Institute for Supply Management (ISM) reported that the US manufacturing PMI grew to 69.1 points in November from 66.7 points, beating forecasts of 64.9 points.

 

The dollar index fell against a basket of major currencies by 0.1% to 96.01 points as of 19:42 GMT, after hitting a high of 96.4 points and a low of 95.9 points.

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