The US dollar declined on Friday, as disappointing US jobs data and caution before Greece’s referendum on bailout plans repressed the market.
According to the Labor Department, employers added 223,000 jobs last month. Unemployment rate skid to 5.3%, the lowest in seven years.
Caution prevailed ahead of Greece’s referendum on Sunday, which could determine whether the country would remain in the eurozone or not.
The greenback stood at $1.1096 per US dollar. Against the Japanese yen, the dollar closed at ¥122.84.
The report won’t substantially shift opinion within the Federal Reserve “about timing of the first rate hike, which we continue to expect in September,” said strategists at Barclays.
Meanwhile, US markets will be shut on Friday to observe Independence Day.
The material has been provided by InstaForex Company – www.instaforex.com