FOREX-Dollar cuts gains vs yen, slips vs euro after U.S. jobs report

By Kitco News / January 05, 2018 / www.kitco.com / Article Link

NEW YORK, Jan 5 (Reuters) - The dollar trimmed gains against the yen and turned negative versus the euro on Friday after data showed the U.S. economy created fewer jobs than expected in December.

U.S. nonfarm payrolls increased by just 148,000 jobs last month, the Labor Department said on Friday. Economists were forecasting a jobs gain of 190,000. Employment data for October and November data were revised to show 9,000 fewer jobs created than previously reported. The dollar cut gains against the yen to 113.11 yen from 113.28 before the jobs report, while the euro rose to $1.2069 from $1.2049 before the data's release.


(Reporting by Gertrude Chavez-Dreyfuss Editing by Chizu Nomiyama)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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