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Home > Finance > US dollar falls after jobs report

Finance

US dollar falls after jobs report

Published by Global Banking and Finance Review

Posted on December 6, 2024

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NEW YORK (Reuters) - The U.S. dollar fell on Friday after data showed the unemployment rate edged higher in November even though jobs increased more than expected last month.

The unemployment rate climbed to 4.2% after holding at 4.1% for two straight months, data showed. Nonfarm payrolls, however, increased by 227,000 jobs last month after rising an upwardly revised 36,000 in October.

The dollar briefly fell below 150 yen after the data and was last flat at 150.12. The euro, on the other hand, climbed to a three-week peak following the report. It last traded up 0.1% at $1.0597

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)

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