The US dollar plummeted Monday, sustaining a major setback against major counterparts, after a weaker than anticipated jobs data.
Released by the Labor Department Friday, nonfarm payrolls climbed by 126,000 in March, the smallest gain since December 2013.
US Treasury yields declined in the light of mild jobs report, with 10-year note yield dropped to a two-month low of 1.8%.
The greenback ended at $1.0988 per euro and $1.4914 per British pound. Against the Japanese yen, it was slightly changed at ¥118.825.
The dollar was still trending higher in the long run… “we have to consider that jobs had been roughly growing at a pace of 200,000 a month for a year,” and the increase in earnings was also a plus, said Kyosuke Suzuki, Director of Forex at Societe Generale.
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