Reuters
FOREX-Dollar falls after U.S. jobs data dims hopes for Fed tightening
The dollar fell on Friday after U.S. nonfarm payrolls data showed hiring increased in May as the pandemic eased, but not as much as expected, tempering expectations the Federal Reserve will tighten monetary policy sooner, rather than later. Nonfarm payrolls increased by a solid 559,000 jobs last month, helped by higher COVID-19 vaccination rates, but that was below the consensus forecast for 650,000 jobs added in May. “This payroll number was a little disappointing,” said Edward Moya, a senior market analyst at OANDA.