The US dollar slumped following a lax US labor market data on Friday. The critical US non farm employment growth data moderated in the month of April. The Labor Department data showed that non-farm payroll employment rose by 266,000 jobs in April after surging by a downwardly revised 770,000 jobs in March. The Labor Department also said the unemployment rate edged up to 6.1% in April from 6% in March. This weighed heavily on the dollar, pulling the US dollar index lower in line with the treasury yields. The dollar index lost yet again in Asia today and tested a two and half month low of 90.13. It currently lingers flat around 90.24.
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