The dollar fell Friday against most major currencies after the latest unemployment report offered scant evidence of an overheating U.S. economy.
The dollar sank to a nearly 4-month low against the Japanese yen and edged down to another a 91/2-month low against the mark in trading that slowed as the day went on in advance of the three-day Labor Day weekend.In late New York trading, the dollar dropped to 133.57 yen, down from 134.70 yen late Thursday. That is its lowest point since 132.75 yen on May 11.
The U.S. currency also fell to 1.7304 marks, down from 1.7309 marks a day earlier, to reach its lowest level since 1.7294 on Nov. 19.
The British pound was quoted at $1.6722, down from $1.6736.
The Labor Department reported the U.S. unemployment rate held steady at 4.5 percent in August while overall net job growth amounted to 365,000 jobs.
But the gain of 95,000 manufacturing jobs in August would have actually been a loss of 55,000 without the return of workers after General Motors Corp. settled its labor disputes the last week in July.