Saturday 7 April 2012

Dollar Falls After Jobs Data Disappoint


The U.S. dollar fell against the euro and the yen on Friday after lower-than-expected U.S. jobs figures bolstered views the Federal Reserve could yet ease policy further to boost the economy, though thin holiday trading exacerbated currency moves.
The dollar reversed early gains against the euro after data showed U.S. nonfarm payrolls rose by 120,000 in March, far lower than the 203,000 expected in a Reuters survey.
The data especially disappointed after recent numbers suggested a stronger recovery in the beleaguered jobs market.
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