NEW YORK (Dow Jones)--The euro rebounded against the dollar Friday after a U.S. stock rally increased risk appetite, something earlier U.S. jobs data failed to do.
Currencies gyrated after the morning release of the U.S. non-farm payrolls report for August, but stayed within their well-worn ranges in light summer trading before the U.S. Labor Day holiday.
Investors had hoped the August payroll numbers would provide greater clarity on the pace of an economic recovery, but the data were mixed. The headline payroll number came in better than expected, but the unemployment rate increased to 9.7%, the highest since 1983.
No comments:
Post a Comment