By Laura Matthews
NEW YORK (Reuters) – The U.S. dollar rose against the euro and trimmed losses versus the yen on Friday, after non-farm payrolls data showed the U.S. economy added more jobs than expected in March.
Non-farm payrolls rose by 228,000 jobs last month after a downwardly revised 117,000 rise in February, the Labor Department said.
The euro is 0.21% weaker versus the dollar at $1.103, while the greenback pared losses against the yen to trade 0.29% lower at 145.67 yen.
Uto Shinohara, senior investment strategist at Mesirow Currency Management, said that although non-farm payrolls significantly exceeded expectations, dollar moves were relatively subdued because markets remain focused on potential tariff-related repercussions.
China announced additional tariffs of 34% on U.S. goods on Friday, the most serious response in a trade war with President Donald Trump, fuelling recession concerns and triggering a global stock market rout.
“Heightened global awareness of trade tensions has increased FX volatility in response to tariff-related factors, evident in China’s retaliatory measures pressuring the Australian dollar – risk currency – while supporting the Swiss franc – safe-haven currency,” said Shinohara. “However, the employment report had a more limited impact on FX markets, as uncertainty surrounding tariff outcomes remains a dominant market driver.”
Currency
bid
prices at
4 April
01:16
p.m. GMT
Descripti RIC Last U.S. Pct YTD Pct High Low
on Close Change Bid Bid
Previous
Session
Dollar 102.18 102.01 0.18% -5.82% 102.66 101.
index 53
Euro/Doll 1.1031 1.1053 -0.18% 6.56% $1.1108 $1.0
ar 964
Dollar/Ye 145.36 146.135 -0.42% -7.52% 146.51 144.
n 58
Euro/Yen 160.37 161.41 -0.64% -1.75% 162 159.
62
Dollar/Sw 0.851 0.8594 -0.98% -6.23% 0.8594 0.84
iss 78
Sterling/ 1.3 1.31 -0.74% 3.96% $1.3113 $1.2
Dollar 962
Dollar/Ca 1.4206 1.4097 0.78% -1.2% 1.4243 1.40
nadian 54
Aussie/Do 0.6121 0.6329 -3.26% -1.05% $0.6332 $0.6
llar 05
Euro/Swis 0.9387 0.9492 -1.11% -0.06% 0.9496 0.93
s 68
Euro/Ster 0.8484 0.8432 0.62% 2.55% 0.8507 0.84
ling 32
NZ 0.5649 0.5794 -2.47% 0.99% $0.5797 0.56
Dollar/Do 14
llar
Dollar/No 10.5922 10.3188 2.65% -6.81% 10.6111 10.3
rway 066
Euro/Norw 11.6849 11.4046 2.46% -0.71% 11.715 11.4
ay 03
Dollar/Sw 9.9132 9.7647 1.52% -10.02% 9.9854 9.74
eden 51
Euro/Swed 10.9361 10.7931 1.32% -4.63% 11.0066 10.7
en 94
(Reporting by Laura Matthews; editing by Philippa Fletcher)
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