Business
US dollar mixed on downbeat nonfarm payrolls
New York, Sep 3: The US dollar traded mixed against other major currencies as the latest nonfarm payroll report from the country came out weaker than expected.
In late New York trading on Friday, the euro fell to $1.1161 from $1.1202 of the previous session, and the British pound increased to $1.3296 from $1.3275, Xinhua news agency reported.
The Australian dollar climbed to $0.7566 from $0.7554.
The dollar bought 103.98 Japanese yen, higher than 103.27 yen in the previous session. The dollar increased to 0.9804 Swiss francs from 0.9796 Swiss francs, and it inched down to 1.2999 Canadian dollars from 1.3103 Canadian dollars.
US total nonfarm payroll employment increased by 151,000 in August, below market consensus of 175,000, and the unemployment rate remained at 4.9 per cent, the Labor Department reported on Friday.
In August, average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $25.73. Over the year, average hourly earnings have risen by 2.4 per cent.
Analysts said the closely-watched nonfarm payroll report has greatly dented market expectation for an interest-rate hike as early as September, but it is solid enough to spur speculation for a December-hike.
The dollar index, which measures the greenback against six major currencies, was up 0.20 per cent at 95.849 in late trading.
14 hours ago
IPC Houston Fellowship Announces Annual Convention.
16 hours ago
24 News Channel in the forefront to help the revival of Wayanad after landslide tragedy
18 hours ago
Indian Diaspora Excited to Welcome Prime Minister Modi Ahead of U.S. Visit
19 hours ago
Biden Administration Rapidly Allocating Climate Funds as Trump Vows to Cut Them
19 hours ago
Tesla, SpaceX, and X Employees Donate to Harris While Musk Supports Trump
19 hours ago
Biden to Meet Zelenskyy Next Week to Discuss Ukraine War, Says White House
19 hours ago
Woman sentenced to death for blasphemy in Pakistan amid ongoing human rights concerns
19 hours ago
Congress insults India on foreign land, is run by Tukde-Tukde gang, urban naxals": PM Modi
19 hours ago
Hollywood A-listers back Kamala Harris during Oprah show ahead of US polls
19 hours ago
Trump and Republicans Claim Non-Citizen Voting in U.S. Election, Raising Concerns
21 hours ago
Himachal govt to hand over Jangi Thopan Powari hydro project to state power corporation
21 hours ago
Rajasthan govt's amnesty scheme for miners
21 hours ago
India to see 35 lakh weddings from November-mid December, gold demand to surge