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Dollar Mixed After Jobs Data

Date : 05/04/2012 @ 8:59AM
Source : RTTF2
Stock : United States Dollar (B) VS Swiss Franc Spot (USD/Chf) (USDCHF)
Quote : 0.983385  -0.000415 (-0.04%) @ 11:52PM
United States Dollar vs Swiss Fr share price Chart

Dollar Mixed After Jobs Data

United States Dollar vs Swiss Fr (FX:USDCHF)
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Friday, the U.S. dollar showed mixed trading against its major counterparts after the release of jobs data for April.

Job creation in the U.S. economy was weaker than expected in April although the unemployment rate fell slightly, according to figures released Friday by the Labor Department.

The overall economy added 115,000 jobs in April, down from revised data that showed March job creation at 154,000, notably higher than the 120,000 initially reported.

The job creation numbers for April were also notably lower than the predictions of most economists who had forecast 165,000 new jobs for the month.

Despite the anemic job creation figures, the unemployment rate ticked down to 8.1 percent in April from the 8.2 percent reported in March

The greenback that touched a 3-day low of 79.85 against yen at 8.30 am ET recovered soon and the pair is now trading at 80.19.

Against the franc and the euro, the greenback that advanced to 0.9163 and 1.3116 at the same time pared gains soon thereafter. The greenback is now trading at 0.9147 against the franc and 1.3143 versus the euro.

Against the pound, the dollar that reached a new 1-week high of 1.6157 eased shortly thereafter. As of now, the pair is trading at 1.6191, compared to Thursday's close of 1.6180.

At 10:00 am ET, Canada's Ivey PMI for April is due.



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