Forex – U.S. Dollar Falls as Job Growth Numbers Disappoint


© Reuters.

Investing.com – 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 of the health of the U.S. economy, as the unemployment rate dropped more than expected and wage inflation accelerated beyond forecasts.

The , 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 U.S. and China have pushed back tentative plans for a summit to sign a trade deal due to unresolved differences, raising doubts that the two will end their year-long dispute,The Wall Street Journal reported.

The dollar declined against the safe-haven yen, with falling 0.2% to 111.68.

The loonie was higher, with down 0.19% to 1.3425, after showed its economy added more jobs than expected in February.

Elsewhere, increased 0.3% to 0.7032 while slipped 0.6% to 0.6794.

The pound was lower with 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 up 0.3% to 1.1230.

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