NEW YORK: The US dollar fell on Thursday after data showing the world’s largest economy defying expectations for a second month in a row, creating jobs in June at a far faster pace than market forecasts.
Data showed that US nonfarm payrolls increased by 4.8 million jobs in June, the most since the government started keeping records in 1939.
Payrolls rebounded 2.699 million in May. Economists had forecast payrolls increasing by 3 million jobs in June.
The report further diminished the dollar’s appeal as a safe haven
The dollar index slid 0.2% to 96.96 as the euro rose 0.3% versus the greenback to US$1.1279.
The dollar, however, gained 0.1% against the yen to 107.56. – July 2, 2020, Reuters
