Investing.com - The dollar weakened against most major
currencies on Friday after the U.S. January jobs report largely met
expectations, while solid consumer sentiment figures also enticed
investors out of the safe-haven greenback.
In U.S. trading on Friday, EUR/USD was up 0.64% at 1.3665.
The U.S. Bureau of Labor Statistics reported earlier that the
economy added a net 157,000 jobs in January, roughly in line with
expectations for a gain of 160,000.
December's numbers were revised to 196,000 from 155,000, while
November's figures were revised to 247,000 from 161,000.
The headline unemployment rate rose to 7.9% from 7.8% in December.
Investors were bracing for a possible disappointing jobs report
earlier this week, and the figures boosted spirits in markets
worldwide, fueling appetite for risk that came at the dollar's
Elsewhere, the Thomson Reuters/University of Michigan's final
reading of its consumer sentiment index improved to 73.8 in January
from 71.3 the previous month, beating expectations for a reading of
Separately, the Institute of Supply Management said that its
manufacturing purchasing managers' index rose to 53.1 last month
from 50.2 in December, well above expectations for a rise to 50.6.
Meanwhile in Europe, the Markit research group earlier reported
that Spain's manufacturing PMI rose to 46.1 in January from a
reading of 44.6 in December, beating expectations for an
improvement to 45.5, while the eurozone's manufacturing PMI rose to
47.9 in January from 47.5, beating expectations for the index to
The dollar also fell after official data revealed that the
eurozone's unemployment rate remained unchanged at 11.7% in
December, compared to expectations for a rise to 11.9%.
Elsewhere, the eurozone's preliminary consumer price index slipped
to an annualized rate of 2.0% in January from 2.2% the previous
month. Analysts had expected inflation to remain unchanged last
The greenback, meanwhile, was up against the pound, with GBP/USD
trading down 0.92% at 1.5712.
Earlier Friday, the Markit research group reported that the U.K.
manufacturing purchasing managers' index fell to 50.8 in January
from 51.2 in December, outpacing analysts' calls for a decline to
The pound slid amid an otherwise risk-on trading day on sentiments
U.K. recovery may be waning.
Data last week revealed that the U.K. economy contracted 0.3% in
the fourth quarter, putting Britain on track for a triple-dip
The dollar rose against the yen, with USD/JPY trading up 1.15% at
92.77 and was down against the Swiss franc, with USD/CHF trading
down 0.37% at 0.9068.
The dollar was mixed against its cousins in Canada, Australia and
New Zealand, with USD/CAD trading flat 0.9974, AUD/USD down 0.14%
at 1.0412 and NZD/USD trading up 0.76% at 0.8454.
The dollar index, which tracks the performance of the greenback
versus a basket of six other major currencies, was down 0.14% at
offers an extensive set of professional tools for the Forex,
Commodities, Futures and the Stock Market including real-time data
streaming, a comprehensive economic calendar, as well as financial
news and technical & fundamental analysis by in-house experts.
Read more News on Investing.com or Follow us on Twitter at @