Dollar Declines as U.S. Jobs Data Disappoints

The U.S. dollar weakened broadly after July job numbers fell short of projections, with just 73,000 new positions added and unemployment ticking up to 4.2%. The dollar index dropped 0.67% to 99.35, with the euro and yen rising against the greenback.

The U.S. dollar experienced a broad decline on Friday following the release of employment figures that fell short of economist predictions.

Only 73,000 jobs were added in July, significantly below the 100,000 that analysts had expected, according to a Reuters poll. The unemployment rate rose to 4.2% from June’s 4.1%, aligning with forecasts.

The dollar index, which monitors the currency against a group of others like the yen and euro, was down 0.67% at 99.35. The euro strengthened 0.8% to $1.1506, while the dollar dropped 0.92% to 149.38 against the yen.