Dollar bulls are taking little comfort in the budding recovery in the U.S. employment market.The U.S. currency fell against most of its major peers after the Labor Department said payrolls rebounded in April following an even bigger setback a month earlier than previously estimated.
That’s pushed out trader expectations for when the Federal Reserve will begin raising interest rates, which up until the middle of April had underpinned a nine-month rally in the greenback.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major peers, fell 0.1 percent to 1,164.21 as of 4 p.m. in New York. It has gained 16 percent in the past year.
The euro fell 0.6 percent to $1.1199, leaving it unchanged this week. The dollar was little changed at 119.76 yen.
Source : Bloomberg
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