Dollar depreciated After the US employment data showed a heavy fall

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Dollar depreciated After the US employment data showed a heavy fall

The US dollar depreciates against major currencies. In trading at the New York Stock Exchange last night (8 May) as investors poured out dollars. After the US Department of Labor disclosed that non-farm payrolls fell to a record 20.5 million positions in April.

The dollar index, which is a measure of the movement of the dollar against the six major currencies in the basket, fell 0.15% to 99.7399 last night.

The dollar depreciates against the Swiss franc at 0.9708 francs from 0.9733 francs and depreciates against the Canadian dollar at the level of 1.3931 Canadian dollars from the 1.3991 Canadian dollar. But if compared with the yen The dollar rose to 106.66 yen from 106.29 yen.

The euro strengthened against the US dollar at $ 1.0840 from $ 1.0825, the pound strengthened to $ 1.2410 from $ 1.2357 and the Australian dollar strengthened to $ 0.6525 from $ 0.6486.

Investors poured out dollars. After the US Department of Labor reported that Non-farm employment figures plummeted to 20.5 million positions in April. This is the worst employment figure in US history. However, the April employment figure is still better than analysts had expected to fall by 21.5 million.

The unemployment rate rose to 14.7% in April, higher than 10.8%, the highest unemployment rate after World War II, but lower than 24.9%, which is the number of unemployment during the economic downturn. Big time While the highest unemployment rate during the financial crisis in October 2009 is at 10%

Analysts predict that The unemployment rate may rise to 16 percent in April after reaching 4.4 percent in March, the highest level since August. 2017 and touched 3.5% in February, the lowest level in 50 years