8 July 2005, 17:14  Dollar yanked in two directions after mixed jobs report

The dollar's early gains were extended in an immediate reaction to a mixed U.S. jobs report, but those gains were soon pared, leaving the dollar up only fractionally from where it stood late Thursday. The greenback was last at 112.23 yen compared to 112.38 before the report's release. The euro was fetching $1.1935 vs. $1.1897. The U.S. jobless rate unexpectedly fell to 5%, a feature of the report that first caught the currency market's attention. Payroll growth was 48,000 under the 194,000 expected by economists, but April and May hiring were revised up by a total of 44,000.

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