Dollar slips on dour jobs report

Greenback sinks against euro, yen as U.S. loses 80,000 jobs in March.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

NEW YORK (CNNMoney.com) -- The U.S. dollar fell against major foreign currencies on Friday after a Labor Department report that showed a third consecutive monthly jump in the number of Americans applying for unemployment benefits.

The 15-nation euro bought $1.5725, up from $1.5679 late Thursday. The British pound also rose slightly to $1.9960, up from $1.9952 the previous day.

The dollar sunk against the Japanese yen, falling to ¥101.89 from ¥102.35 on Thursday.

U.S. employers sharply cut jobs for the third straight month in March and unemployment rose to a nearly three-year high of 5.1%, according to a Labor Department report released Friday. The report showed a net loss of 80,000 jobs last month, the third straight month that jobs have fallen.

The Labor Department now estimates that the economy has lost 232,000 jobs during the first quarter of 2008.

The dollar has come off its record low against the euro set on Mar. 17 at $1.5904 on some encouraging inflation indicators, but dour economic news of late has sent the dollar sinking again. To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More


Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.