Investing.com - The dollar was steady to higher against the
other major currencies on Friday, as Thursday's upbeat U.S.
employment data continued to support the greenback.
Trading volumes were expected to remain thin on Friday, as U.S.
markets were to remain closed for the fourth of July holiday.
The dollar was higher against the euro, with EUR/USD down 0.15%
The greenback remained supported after the Labor Department on
Thursday reported that that U.S. economy added 288,000 jobs last
month, easily surpassing expectations for an increase of 212,000,
and that the U.S. unemployment rate fell to 6.1% from 6.3% in May,
the lowest in almost six years.
The single currency came under pressure on Thursday after ECB
President Mario Draghi reiterated the bank's forward guidance that
rates will remain on hold at present or lower levels for an
He emphasized that "the governing council is also unanimous in
its commitment to use unconventional instruments' if necessary, to
address the risk of too-prolonged period of low inflation."
Earlier Friday, official data showed that German factory orders
dropped 1.7% in May, compared to expectations for a 1.0% decline,
after an increase of 3.4% in April, whose figure was revised up
from a previously estimated 3.1% rise.
The pound was little changed against the dollar, with GBP/USD
dipping 0.03% to 1.7150.
The dollar was lower against the yen, with USD/JPY edging down
0.15% to 102.04 and higher against the Swiss franc, with USD/CHF up
0.17% to 0.8948.
The greenback was mixed to higher against the Australian, New
Zealand and Canadian dollars, with AUD/USD down 0.09% to 0.9354,
NZD/USD slipping 0.19% to 0.8737 and USD/CAD edging up 0.10% to
The US Dollar Index, which tracks the performance of the
greenback versus a basket of six other major currencies, was up
0.09% to 80.33.
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