US Jobs Data Mixed: Dollar Rebounds After Initial Drop

The US dollar traded choppy after the jobs report on Friday but stayed firm into the later hours of the day given the lower-than-expected payroll additions in May.

Non-farm jobs increased by 217,000 compared with street expectations of 218,000 and lower than the April addition of 288,000.

The rate of unemployment stood steady at 6.3% whereas analysts had forecast a spike to 6.4%.

At 1:55 GMT, EUR/USD traded at 1.3631, down 0.22% on the day but after swinging between 1.3678 and 1.3621.

GBP/USD traded at 1.6792, down 0.16% and after a range of 1.6848-1.6787

USD/JPY was up 0.14% at 102.56 after moving between 102.59 and 102.11 .

Canadian unemployment rate bounced back to its February level of 7% from 6.9% while analysts were expecting a steady reading.

USD/CAD was 0.1% higher at 1.0941 after trading between 1.0949 and 1.0906.