MW: Dollar up on weaker-than-forecast payrolls rise
By William L. Watts
0.50%0.00%-0.50%-1.00%-1.50%-2.00%
CUR_EURUSD CUR_GBPUSD CUR_USDYEN
LONDON (MarketWatch) -- A smaller-than-expected increase in U.S. non-farm payrolls saw the dollar rise versus most major rivals Friday as investors sold equities. The euro (CUR_EURUSD 1.2049, -0.0112, -0.9210%) , which had already hit a new four-year low versus the dollar earlier in the session, extended its loss to trade at $1.2047, down 1% on the day. The British pound (CUR_GBPUSD 1.4561, -0.0050, -0.3421%) fell 0.5% to $1.4552. The dollar lost ground versus the Japanese currency (CUR_USDYEN 92.1700, -0.4100, -0.4429%) , however, trading at 92.03 yen, a loss of 0.6% on the day. The Labor Department said non-farm payrolls rose by 431,000 in May, including 411,000 temporary Census jobs. Economists had forecast a non-farm payrolls rise of 540,000.
