Investing.com - The dollar remained mixed against the other
major currencies on Friday, as investors were awaiting Federal
Reserve Chairman Janet Yellen's testimony on the bank's semiannual
monetary policy report on Tuesday.
The dollar was little changed against the euro, with EUR/USD up
0.07% to 1.3645.
The dollar remained under pressure after the Labor Department on
Friday said the U.S. economy added 113,000 jobs in January, well
below expectations for 185,000 new jobs, as inclement weather
contributed to the slowdown in hiring.
The report also showed that the number of people participating
in the labor force edged up to 63% from a 30-year low of 62.8% last
month, while the unemployment rate unexpectedly ticked down to a
five year low 6.6% from 6.7% in December.
The report was seen as unlikely to prompt the Federal Reserve to
halt reductions in its stimulus program. The bank announced a
second cut to its asset purchase program in January, trimming it to
Meanwhile, the single currency's gains were limited as Germany's
constitutional Court ruled last week that the European Central
Bank's bond-buying program may exceed its mandate, and referred it
to European Court of Justice.
Earlier Monday, official data showed that French industrial
production fell 0.3% in December, compared to expectations for a
0.1% uptick. Industrial production in November was revised down to
a 1.2% increase from a previously estimated 1.3% rise.
The pound edged lower against the dollar, with GBP/USD slipping
0.12% to 1.6393.
The dollar was lower against the yen and the Swiss franc, with
USD/JPY falling 0.32% to 102.01 and with USD/CHF slipping 0.19% to
In Japan, government data showed that the current account
deficit expanded to JPY0.20 trillion in December, from JPY0.05
trillion the previous month. Analysts had expected the current
account deficit to expand to JPY0.06 trillion in December.
The greenback was mixed to higher against the Australian, New
Zealand and Canadian dollars, with AUD/USD shedding 0.20% to
0.8941, NZD/USD sliding 0.28% to 0.8272 and USD/CAD edging up 0.14%
The U.S. dollar index, which tracks the performance of the
greenback versus a basket of six other major currencies, was down
0.07% to 80.69.
Trading volumes were expected to remain light, with no U.S.
economic reports to be released throughout the session.
offers an extensive set of professional tools for the financial
Read more News on Investing.com and download the new
Investing.com Stocks & Forex App