Dollar mixed after job data

13:07, February 08, 2011      

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The U.S. dollar traded mixed against major currencies in late New York trading on Monday after the U.S. unemployment fell on Friday.

The euro fell in early trading session as the German factory orders shrank in December. According to German's economic ministry, German manufacturing orders fell 3.4 percent in December, larger than previous prediction of 1.5 percent decline.

However, the euro rebounded to near 1.36 against the dollar in later trading session, from a two-week low of 1.3508.

The job report released last Friday showed U.S. unemployment rate dropped, which stimulated investors'confidence on U.S. economy, and helped bolster the dollar.

The recent unrest in Egypt also attributed to dollar's rally as cautious investors rushed to the dollar for protection.

The dollar index rose to 78.124 on Monday from 78.02 late Friday. The dollar against the yen moved up to near 82.30.

In late Monday trading, the dollar bought 82.29 yen, comparing with 82.24 late Friday, and the euro rose to 1.3591 dollars from 1. 3587.

The British pound also rose to 1.6121 dollars from 1.6098. The dollar fell from 0.9555 to 0.9552 against Swiss francs, but rose to 0.9903 Canadian dollars from 0.9881.

Source: Xinhua


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