Source: Xinhua

09-06-2008 11:39

NEW YORK, Sept. 5 (Xinhua) -- The dollar rose against most major currencies on Friday despite the U.S. non-farm job data was worse than expected.

The dollar briefly fell after the Labor Department reported that U.S. employers cut 84,000 jobs in August, wider than expected. Unemployment rate rose to a five-year high of 6.1 percent from 5.7percent in July.

The greenback regained ground later amid lower oil prices and weak economic out look in Europe. The euro was still under pressure from dovish comments from European officials and lowered growth forecast in the euro zone.

Light, sweet crude for October delivery fell 1.66 dollars to settle at 106.23 dollars a barrel on the New York Mercantile Exchange as investors worried about U.S. oil demand.

The euro bought 1.4243 dollars in late New York trading compared with 1.4331 dollars it bought late Thursday. The British pound fell to 1.7634 dollars from 1.7690 dollars.

The dollar rose to 1.1168 Swiss francs from 1.1088 Swiss francs, and rose to 107.13 Japanese yen from 107.04 Japanese yen. It fell to 1.0643 Canadian dollars from 1.0673 Canadian dollars. 　

 

Editor:Zhang Ning