As A Result Of The US Non-farm Recitation Report Disappointing Dollars

US Dollar (Photo: ANTARA)

JAKARTA - As a result of reports of non-farm payroll for the disappointing July, which is far from expectations, the US dollar exchange rate slumped against another major currency basket at the end of trading Friday (Saturday morning WIB).

The dollar index, which measures the greenback against six major rival currencies, fell 0.52 percent to 102.0145 at the end of trading.

The US Bureau of Labor Statistics (BLS) reported on Friday, August 4, that US employers added 187,000 jobs, far from market estimates of 200,000.

BLS also revised the figures for May and June, lowering the acquisition of jobs for these months to 281,000 and 185,000, respectively.

The impact of the US government's bonds withdrew from a 10-month high after the release of the work report.

Data on weaker non-farm payroll than expected suggest that high interest rates have begun to put pressure on the labor market, which may be bullish for bonds as the Federal Reserve may be less hawkish at its next meeting.

However, in an interview with Bloomberg on Friday the President of the Chicago Federal Reserve, Austan Goolsbee, noted that the July non-farm payroll report was "sufficient as we expected," and "The question is: how long will we last at this level?, not about when the next increase will occur."

Although reports of retail sales of the euro region were disappointing, which showed a 0.3 percent drop month after month in June, European currencies remained unaffected and did not face pressure down.

Quoted from ANTARA, at the end of New York trading, the euro rose to $1.1009 from $1.0944 in the previous session, and the British pound rose to $1.2754 from $1.2701.

The US dollar was purchased at 141.8580 Japanese yen, lower than 142.7030 Japanese yen in the previous session. The US dollar fell to 0.8727 Swiss francs from 0.8751 Swiss francs, and rose to 1.3379 Canadian dollars from 1.3354 Canadian dollars. The US dollar fell to 10.5834 Swedish krona from 10.7100 Swedish krona.