Investing.com – The dollar trimmed gains against other major currencies on Friday, after data showed that the U.S. economy added less jobs than expected last month, dampening optimism over the U.S. economy.
The U.S. Department of Labor reported on Friday that the economy added in December, disappointing expectations for an increase of 185,000. The unemployment rate remained unchanged at , as expected.
The report also showed that U.S. average hourly earnings rose last month, in line with projections.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 91.61 by 08:40 a.m. ET (12:40 GMT), off session highs of 91.82.
The euro was steady, with at 1.2071, while rose 0.21% to 1.3575.
Data earlier showed that euro zone inflation in December, while another report showed that increased more than expected in November.
The yen remained weaker, with up 0.28% at 113.07, while was little changed at 0.9745.
Elsewhere, the Australian dollar was almost unchanged, with at 0.7868, while advanced 0.45% to 0.7185.
Meanwhile, tumbled 0.90% to a four-month low of 1.2374 after Statistics Canada reported that the number of employed people climbed in December, blowing past expectations for a 1,000 rise.
Canada’s unemployment rate ticked down to in December from 5.9% the previous month, confounding expectations for a rise to 6.0%.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Forex – Sterling Falls Below 1.30 for First Time in 10 Months - July 20, 2018
- Forex – Dollar Hits 1-Year Highs, Euro Falls below $1.16 - July 19, 2018
- Firmer U.S. dollar boosts corporate interest in currency hedging - July 19, 2018