The U.S. dollar recorded a sharp decline against major currencies on Friday, after key monthly jobs data showed that American employers hired fewer workers than expected—making it almost certain that the Federal Reserve will cut interest rates.
اضافة اعلان
The dollar weakened broadly following the report, dropping 0.99% to 147.03 against the Japanese yen, though it remains on track for a second straight week of gains, according to CNBC.
It also fell 0.99% to 0.7998 against the Swiss franc, heading for a fourth consecutive weekly loss versus the currency.
The euro rose 0.79% to $1.174425 and is expected to post weekly gains against the U.S. currency.
The U.S. dollar index slipped 0.70% to 97.54 and is projected to end the week down 0.23%.
U.S. Treasury yields also retreated: the two-year yield—highly sensitive to interest rate moves—dropped 11.2 basis points to 3.48%, while the benchmark 10-year yield declined 10.4 basis points to 4.072%.
Meanwhile, the British pound strengthened against the dollar after news that Deputy Prime Minister Angela Rayner resigned following her admission that she had underpaid property tax on a new home. Sterling climbed 0.78% to $1.35420, on track to post a 0.3% gain for the week.
(Agencies)
