Dollar mixed after US jobs report

The dollar was mixed Friday after the United States reported unemployment was unchanged at 7.8 percent in December and job growth continued at a modest pace.

Some analysts said the stable picture of the ailing US labor market eased concerns that the Federal Reserve could end its economic stimulus this year, spurred by the minutes of the Federal Open Market Committee's latest policy meeting.

"The US dollar is firmer on balance after yesterday's FOMC minutes, but is giving back some of those gains on today's nonfarm payroll reports," said Nick Bennenbroek of Wells Fargo Bank.

The euro gained against the dollar after the release of the jobs report. Around 2200 GMT, it was buying $1.3067, up from $1.3052 at the same time Thursday.

The yen was under selling pressure after Japan's new prime minister, Shinzo Abe, vowed to push for aggressive monetary easing.

The dollar fetched 88.15 yen, after earlier hitting a peak of 88.41 yen, its highest level since mid-July 2010. In late trade Thursday, the greenback bought 87.19 yen.

The European currency also rose against the yen, to 115.19 yen from 113.80 yen.

The US Labor Department said the jobless rate was unchanged at 7.8 percent in December while only a modest 155,000 net jobs were added.

"These figures don't fit in with the sentiment that brewed yesterday that the Federal Reserve would reduce its stimulus efforts in 2013; this hardly fits in with the idea of a strong recovery," said Christopher Vecchio of DailyFX.

The dollar slipped against the Swiss currency, to 0.9246 francs from 0.9266 francs late Thursday, while the pound fell to $1.6068 from $1.6108.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2586+0.0005+0.04%
    USDSGD=X
    1.7408+0.0007+0.04%
    EURSGD=X
    2.1147+0.0009+0.04%
    GBPSGD=X
    81.2983+0.0062+0.01%
    SGDJPY=X
    6.1599-0.0027-0.04%
    SGDHKD=X
    2.6021+0.0037+0.14%
    SGDMYR=X
    9,228.5078-27.5186-0.30%
    SGDIDR=X
    4.9700+0.0031+0.06%
    SGDCNY=X
    1.1672+0.0019+0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,290.90+0.30+0.02%
    GCM14.CMX
    19.55-0.14-0.73%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.13+0.01+0.18%
    HGK14.CMX
    101.79-0.15-0.15%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    1.165+0.015+1.30%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    1.335-0.020-1.48%
    G13.SI
    1.205-0.010-0.82%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.020+10.53%
    F86.SI
    0.17+0.018+11.84%
    5HH.SI
    0.116+0.010+9.43%
    O2I.SI
    0.72+0.050+7.46%
    5DP.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.013-8.44%
    5GD.SI
    0.151-0.009-5.63%
    A03.SI
    0.20-0.010-4.76%
    5CH.SI
    0.30-0.015-4.76%
    K29.SI
    0.21-0.005-2.33%
    510.SI