Dollar Trades Lower After June Jobs Report

By Joseph AdinolfiMarketWatch Pulse

The dollar traded lower against its main rivals Thursday after the June jobs report. The U.S. economy created 223,000 new private-sector jobs in June, while the readings for April and May were revised lower. While the number matched the consensus forecast from a survey of economists conducted by MarketWatch, economists' expectations had risen ahead of the report after a stronger-than-expected nonfarm payrolls number on Wednesday. Annualized wage growth fell to 2%, from 2.3% last month. The dollar initially moved sharply lower, but pared some of its losses in the minutes after the report. The euro traded at $1.1082, up from around $1.1050 immediately ahead of the report. The dollar fell to 123.20 yen, from 123.60 ahead of the report. The pound was flat at $1.5601.

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