Greenback goes down as markets brace for American jobs data
On Friday, the evergreen buck dipped against other key currencies, as market participants were quite cautious ahead of the highly-anticipated American employment data due later today.
The currency pair USD/JPY fell 0.33%, trading at 106.91.
Trader were waiting for American non-farm payrolls data due later on Friday to get clear signs on the strength of the job market following a series of negative indications this week.
On Wednesday, payroll processing company ADP told that last month non-farm private employment surged by 156,000, thus ruining expectations for a 196,000 leap.
The US Department of Labor officially announced on Thursday that the overall number of people filing for initial jobless benefits by April 29, surged by approximately, 17,000, currently accounting for 274,000 compared to the last week’s reading of 257,000.
By the way, financial experts had expected that jobless claims to go up by approximately 3,000 to 260,000 last week.