Dollar Drops Most in 8 Weeks as Jobs Data Cool Fed Taper Views

Bloomberg (07/9) -- The dollar fell the most in more than eight weeks after U.S. employers added fewer workers last month than forecast, damping speculation the Federal Reserve will cut bond purchases this month. The U.S. currency weakened versus a majority of its 16-most-traded counterparts after a Labor Department report showed payrolls rose by 169,000 in August, compared with a median forecast of 96 economists surveyed by Bloomberg that called for a 180,000 jobs gain. The U.S. jobless rate fell to 7.3 percent. Canada’s dollar rose to the highest level in more than two weeks as the nation added jobs last month at triple the pace forecast. The Bloomberg U.S. Dollar Index, which tracks the greenback against 10 other major currencies, fell 0.7 percent to 1,031.35 at 5 p.m. New York time, after slipping 0.8 percent, the biggest drop since July 11. The dollar fell 0.4 percent to $1.3178 per euro after reaching its strongest level since July 19. It dropped 1 percent to 99.11 per yen. The 17-nation euro depreciated 0.5 percent to 130.63 yen. The dollar appreciated 5.1 percent this year, the best performer among 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The euro advanced 5 percent, while the yen slumped 9.4 percent.

Saham AS membukukan keuntungan mingguan setelah hari volatil

MarketWatch (7/9) - Saham AS berakhir sedikit berubah pada hari Jumat, tetapi Dow Jones Industrial Average menghentikan penurunan beruntun selama empat minggu, seiring perhatian Wall Street bergeser dari perkembangan yang terkait dengan Suriah dengan dampak laporan pekerjaan pada kebijakan moneter AS. Menghentikan kemenangan beruntun terpanjang sejak pertengahan bulan Juli, Dow Jones Industrial Average DJIA mengakhiri sesi off sebesar 14,98 poin, atau 0,1%, dilevel 14,922.50. Naik sebesar 0,8% dari penutupan hari Jumat lalu, indeks acuan telah naik 52 poin pada pembukaan perdagangan dan kemudian jatuh sebanyak 148 poin, sebelum pulih menjelang siang dan naik sebanyak 72 poin pada sore hari.

 

U.S. stocks post weekly gains after volatile day

NEW YORK MarketWatch(7/9) — U.S. stocks finished little changed Friday, but with the Dow Jones Industrial Average halting a four-week losing streak, as Wall Street’s attention shifted from developments related to Syria to the impact of the jobs report on U.S. monetary policy. Halting its longest winning streak since the middle of July, the Dow Jones Industrial Average DJIA -0.10% ended the session off 14.98 points, or 0.1%, at 14,922.50. Up 0.8% from last Friday’s close, the benchmark had risen 52 points in opening trade and then fallen as many as 148 points, before recovering midmorning and rising as much as 72 points during the afternoon.