The dollar fell to its lowest in more than two months on Friday after U.S. jobs data for April came in well below expectations, putting a damper on hopes that a roaring economic recovery would lead to higher rates any time soon.
The dollar was down 0.34% at 90.561 against a basket of major currencies, having dropped as low as 90.338, its lowest since Feb. 26, following the data.
The euro was up 0.44% against the greenback at $1.21140 and the British pound was up 0.3% at $1.3933.
Elsewhere, China’s exports unexpectedly accelerated in April and import growth hit a decade high, helping to push the yuan and Asian stocks higher.
China’s yuan was at a more than two-month high versus the dollar, set for its longest weekly winning streak since September, helped by the strong trade data and softer dollar.
In cryptocurrencies, ether rose 0.51% to $3,507.92, having hit a all-time high on Thursday.
Bitcoin was up 1.4%, at $57,237.60.
Treasury yields tick higher, reversing post-jobs report decline
U.S. Treasury yields made back some ground on Friday, after initially falling on April’s jobs report that fell short of expectations.
The yield on the 10-year Treasury note was flat at 1.579%%. Earlier it hit 1.469%, its lowest level since March
The yield on the 30-year Treasury bond traded at 2.249%, or about three basis points lower.
Reference: CNBC
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