Dollar slumps on mixed US job data
09/01/2004 - 14:35:58The dollar weakened further against the euro today to $1.2845, its highest level ever since its 1999 launch, following weaker than expected US job data.
Although a report from the US Labor department showed that the unemployment rate had unexpectedly sank to a 14-month low of 5.7% in December, new non-farm jobs created in the month were down at just 1,000.
This was well below the 148,000 figure expected by economists to signal an end to the so-called jobless recovery in the US.
