Forex-Dollar drops as weak US jobs data pushes out Fed hike expectations
TLT•Dollar index falls; gold rises
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.44% to 99.50. It is set to a weekly loss of 0.31%, making the second consecutive week of declines.
Gold rose as the U.S. dollar fell. Spot gold rose 2.55% to $4,347.29 an ounce.
Yen and euro gain as rate-hike expectations fade
The dollar weakened against the yen after the report, shedding gains made in recent days in the aftermath of a historic intervention last week between Japanese and U.S. authorities, which had pushed it to a 13-week low.
It was last down 0.57% to 157.56 yen but on track for a weekly gain of about 0.10%.
The euro was last up 0.39% against the dollar at $1.1568. It is on track for a weekly gain of 0.41% against the dollar.
