(Bloomberg) -- The dollar fell against the yen and
euro after a government report showed the U.S. economy added
fewer jobs last month than economists forecasted and the
unemployment rate unexpectedly rose.
The U.S. dollar erased earlier gains against the 13-nation
currency as the data raised speculation a slump in the housing
market may spread to the broader economy. Traders boosted bets on
a reduction in interest rates by the Federal Reserve this year,
dimming the allure of dollar-denominated assets.
Read more at Bloomberg Currencies News
euro after a government report showed the U.S. economy added
fewer jobs last month than economists forecasted and the
unemployment rate unexpectedly rose.
The U.S. dollar erased earlier gains against the 13-nation
currency as the data raised speculation a slump in the housing
market may spread to the broader economy. Traders boosted bets on
a reduction in interest rates by the Federal Reserve this year,
dimming the allure of dollar-denominated assets.
Read more at Bloomberg Currencies News
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