The dollar lost ground on Friday after figures showed the US economy shed less jobs than expected outside the agricultural sector in May.
Figures showed US non-farm payrolls dropped by 345,000 last month, the lowest fall since September and beating expectations for a drop of 520,000.
EDITOR’S CHOICE
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This boosted investor risk appetite, sending equities higher and dampening haven demand for the dollar.
The dollar fell 0.4 per cent to $1.4229 against the euro, eased 0.2 per cent to $1.6195 against the pound and dropped 1 per cent to $0.8096 against the Australian dollar.
The dollar did advance against the yen however, gaining 1 per cent to Y97.54 as rising risk appetite weighed on demand for the low-yielding Japanese currency.
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