1 April 2005, 17:47  Dollar drops on weak U.S. March jobs data surprise

The dollar dropped sharply on Friday, after the influential U.S. non-farm payrolls report showed far fewer new U.S. jobs in March than than financial markets expected.
The number of non-farm jobs rose by 110,000, well below economists' forecasts for a rise of 220,000. The jobless rate was 5.2 percent, compared with forecasts for 5.3 percent and below the 5.4 percent rate in February.
The euro jumped to session highs around $1.3059 according to Reuters data, steeply up from around $1.2970 shortly before the report and up more than 0.6 percent from levels late on Thursday in New York.
Against the yen the dollar fell to session lows around 106.77 yen, down from around 107.20 yen shortly before the report and down about 0.2 percent.

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