06.08.201009:45:00UTC+00US Dollar Plummets Sharply Against Majors As Unemployment Rate Remains Unchanged

The US currency plummeted against major opponents after the announcement of unemployment rate data in New York morning trading on Friday. The U.S. Labor Department reported that the unemployment rate came in unchanged compared to the previous month at 9.5 percent. The unemployment rate had been expected to edge up to 9.6 percent.

At present, the greenback is trading near 1.3229 against the euro, a new multi-month low of 85.30 versus the yen, 1.0450 against the Swiss franc and 1.5909 versus the British pound.

The Labor Department also said that non-farm payroll employment fell by 131,000 jobs in July following a revised decrease of 221,000 jobs in June. Economists had expected employment to drop by 87,000 jobs compared to the loss of 125,000 jobs originally reported for the previous month.

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