off-the-wire

Dollar slips as investors brace for US payrolls, yen and franc rise

Kitco Media
By Reuters
Published:
Updated:
Reuters
Dollar slips as investors brace for US payrolls, yen and franc rise teaser image

NEW YORK, Aug 2 (Reuters) - The U.S. dollar dropped after data on Friday showed that employers added fewer jobs in July than economists had forecast, while the unemployment rate unexpectedly moved higher.

Employers added 114,000 jobs, below expectations for an 175,000 increase. The unemployment rate rose to 4.3%, above economists expectations that it would be unchanged on the month at 4.1%.

The dollar index fell 0.63% on the day to 103.70 and got as low as 103.61, the lowest since March 21.

The euro was last up 0.61% at $1.0857. The greenback weakened 1.39% to 147.29 Japanese yen and got as low as 147.11, the lowest since March 12.

Reporting By Karen Brettell

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