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FOREX-Dollar drops as jobs growth disappoints, unemployment rises
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FOREX-Dollar drops as jobs growth disappoints, unemployment rises
Aug 2, 2024 6:03 AM

NEW YORK, Aug 2 (Reuters) - The U.S. dollar dropped

after data on Friday showed that employers added fewer jobs in

July than economists had forecast, while the unemployment rate

unexpectedly moved higher.

Employers added 114,000 jobs, below expectations for an

175,000 increase. The unemployment rate rose to 4.3%, above

economists expectations that it would be unchanged on the month

at 4.1%.

The dollar index fell 0.63% on the day to 103.70 and

got as low as 103.61, the lowest since March 21.

The euro was last up 0.61% at $1.0857. The

greenback weakened 1.39% to 147.29 Japanese yen and

got as low as 147.11, the lowest since March 12.

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