Tue, 07 Jul 2020

U.S. dollar climbs after jobs data

06 Jun 2020, 05:30 GMT+10

NEW YORK, June 5 (Xinhua) -- The U.S. dollar strengthened in late trading on Friday as market participants digested the newly-released U.S. employment data.

The dollar index, which measures the greenback against six major peers, rose 0.27 percent at 96.9360 in late trading.

In late New York trading, the euro decreased to 1.1294 U.S. dollars from 1.1347 dollars in the previous session, and the British pound increased to 1.2670 dollars from 1.2612 U.S. dollars in the previous session. The Australian dollar was up to 0.6967 U.S. dollar from 0.6937 dollar.

The U.S. dollar bought 109.60 Japanese yen, higher than 109.12 Japanese yen of the previous session. The U.S. dollar increased to 0.9621 Swiss franc from 0.9550 Swiss franc, and it decreased to 1.3432 Canadian dollars from 1.3505 Canadian dollars.

Total nonfarm payroll employment in the United States rose by 2.5 million in May, and the unemployment rate declined slightly to 13.3 percent, the U.S. Bureau of Labor Statistics reported Friday.

The improvements reflected a limited resumption of economic activity that had been curtailed in March and April due to the COVID-19 pandemic, said the bureau. The unemployment rate previously soared to a record 14.7 percent in April.

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