Dollar slips after US monthly jobs report

The US dollar slipped against its peers on Friday, after the release of the mixed jobs data, amid anticipation of the latest updates about Covid-19 vaccines.

The US Department of Labor showed today that the economy has added 245,000 new jobs in November, lower than forecasts of 480,000 jobs, while the unemployment rate fell to 6.7%.

The trade balance deficit in the US rose 1.7% to $63.1 billion in October, better analysts' forecasts of a deficit by $64.7 billion.

Investors are still awaiting updates in the coronavirus crisis, especially as Pfizer and Moderna are preparing to distribute millions of doses of their Covid-19 vaccines.

The dollar index fell against a basket of major currencies by 0.1% to 90.6 points as of 19:43 GMT, after hitting a high of 90.7 points and a low of 90.5 points.