Payroll Employment Figures Down Dollar
Majors rose against the greenback for the fourth consecutive session, and the sixth out of seven, as the monthly employment survey fell below consensus figures. Trading at 1.2251, the current figure against the Swiss franc falls below the 1.2281 close seen yesterday in New York. According to the Bureau of Labor Statistics, employment on non-farm payrolls increased 138,000 in the month of April, however leaving the national unemployment rate unchanged at the current 4.7 percent. With the Street calling for 200,000, the survey weighed heavily on the dollar, bucking previous upticks in consumer confidence and goods orders reports.