U.S. dollar falls despite upbeat jobs data

The U.S. dollar declined against most major currencies on Friday despite positive nonfarm payroll report from the country.

U.S. total nonfarm payroll employment increased by 211,000 in April, beating market estimates, and the unemployment rate was little changed at 4.4 percent, said the Labor Department on Friday.

In April, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to 26.19 U.S. dollars. Over the year, average hourly earnings have risen by 65 cents, or 2.5 percent.

Investors had been looking forward to April jobs report after March's soft numbers dented market sentiment.

Earlier this week, the Fed decided to leave its benchmark interest rates unchanged as the central bank waited on more data to assess the U.S. economic outlook.

Analysts said the upbeat jobs data bolstered market expectation for a rate-hike in June, which will support the greenback in the upcoming sessions.

In late New York trading, the euro rose to 1.0988 dollars from 1.0978 dollars, and the British pound climbed to 1.2963 dollars from 1.2916 U.S. dollars in the previous session. The Australian dollar increased to 0.7413 U.S. dollar from 0.7399 U.S. dollar.

The U.S. dollar bought 112.64 Japanese yen, higher than 112.42 yen of the previous session. The U.S. dollar added to 0.9875 Swiss franc from 0.9873 Swiss franc, and it edged down to 1.3693 Canadian dollars from 1.3770 Canadian dollars. Endit