Market News
Dollar drops as employers add fewer jobs than expected in July - REUTERS
NEW YORK, Aug 1 (Reuters) - The dollar fell broadly on Friday after data showed that employers added fewer jobs in July than economists had expected, while the unemployment rate moved higher in line with expectations.
Employers added 73,000 jobs last month, below the 100,000 expected by economists polled by Reuters. The unemployment rate edged higher to 4.2%, as anticipated, up from 4.1% in June.
The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, was last down 0.67% on the day at 99.35, with the euro up 0.8% at $1.1506. Against the Japanese yen , the dollar weakened 0.92% to 149.38.
Reporting by Karen Brettell Editing by Ros Russell
