(Reuters) - The dollar slid against the euro on Friday after an unexpectedly strong U.S. jobs report failed to change views that U.S. interest rates will stay on hold this year while overseas rates rise.
The dollar initially rallied after the report, but quickly gave up its gains, hitting a 30-year low against the Canadian dollar and approaching a record low against the euro. A large U.S. bank and a central bank stepped in to buy euros, snuffing out a fleeting dollar rally after the data, traders said.
Read more at Reuters Africa
The dollar initially rallied after the report, but quickly gave up its gains, hitting a 30-year low against the Canadian dollar and approaching a record low against the euro. A large U.S. bank and a central bank stepped in to buy euros, snuffing out a fleeting dollar rally after the data, traders said.
Read more at Reuters Africa
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