The euro strengthened at the end of the week, supported by a weaker US dollar.
The decline in the dollar was influenced by a disappointing US unemployment report. This information comes from the TASR news agency, based on a Reuters report.
By 3:00 PM CET, the euro had gained 0.61%, trading at $1.0857. The dollar index, which measures the dollar against a basket of world currencies, dropped by 0.63% to 103.70 points, having briefly fallen to 103.61 points, its lowest level since March 21.
The US unemployment report negatively impacted the dollar, falling short of expectations.
In July, US employers outside the agricultural sector created 114,000 new jobs, down from 179,000 in June.
The unemployment rate increased by 0.2 percentage points to 4.3%, its highest level since October 2021.
Economists had anticipated 206,000 new jobs and an unchanged unemployment rate of 4.1%.
