The dollar stays under pressure after weaker-than-expected U.S. nonfarm payrolls data damped expectations of a rise in interest rates. Data Thursday showed American employers added 57,000 new jobs in June, well below the 115,000 forecast by economists in a WSJ survey, while prints for May and April were revised lower. "The payroll data support our view that the Federal Reserve will not hike rates this year," Jefferies economist Mohit Kumar says in a note. The U.S. economy remains resilient but the jobs data argue against rate rises, he says. The DXY dollar index falls 0.1% to 100.686 after reaching a two-week low of 100.558 Thursday. Friday is a U.S. public holiday, meaning fewer traders and reduced liquidity. (renae.dyer@wsj.com)
Dow Jones Newswires
Dollar Stays Lower After Weak U.S. Jobs Data — Market Talk
The dollar stays under pressure after weaker-than-expected U.S. nonfarm payrolls data damped expectations of a rise in interest rates. Data Thursday showed American employers added 57,000 new jobs in June, well below the 115,000 forecast by economists in a WSJ survey, while prints for May and April…