Dollar falls, stock futures rise after US jobs report


The monthly US jobs report knocked the US dollar, sending it down as much as 0.3 per cent after average earnings data disappointed expectations, but stock-index futures advanced.

The dollar index, which tracks the buck against a basket of its peers traded around 94.097 after the data, extending losses. Ahead of the data, the greenback had been trading down 0.1 per cent on the day.

In fixed income, Treasury yields dipped. The yield on the two-year dropped 2.5 basis points on the session to 2.5365 per cent, having stood down 1.2 bps ahead of the data. Meanwhile the yield on the 10-year note fell 2 bps, to 2.8181 per cent. Yields move in the opposite direction to prices.

S&P 500 futures climbed 0.41 per cent from levels traded just before the report’s release, with Nasdaq futures climbing by roughly the same margin.


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Dollar falls, stock futures rise after US jobs report

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