Dollar Trades Lower After June Jobs Report

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.