RTRS: Dollar briefly falls vs euro after Dec US payrolls
The dollar briefly fell against the euro on Friday in choppy trading after data showed the U.S. unemployment rate rose to 7.2 percent last month even though total job losses for December were slightly fewer than market expectations.
The euro rose to $1.3729 from $1.3698 before the data, but quickly gave back those gains. It was last down 0.3 percent at $1.3682.
Data showed that the U.S. economy lost 524,000 jobs last month. Markets were expecting job losses of 550,000.
"The unemployment rate rising more than expected is likely the dominant negative to take away. We're looking for minor dollar weakness out of this," said Brian Dolan, chief currency strategist, at Forex.com in Bedminster, New Jersey.
"There's still nothing positive for the U.S. outlook in this data but you had to be under a rock for the last month not to have expected a bad jobs number."