The dollar slumped against major currencies on Friday, after new data revealed that the American economy generated fewer jobs than expected in May, making the odds of a near-term rate increase by the Federal Reserve less likely.
USD/JPY retreated 0.85% to trade lower at 107.93, a level not seen since May 9.
The Labor Department said 38,000 new jobs were added in May, significantly lower than expectations. Analysts were projecting for a rise of 164,000. Roughly 123,000 jobs were created in April, from a previously projected gain of 160,000.
Average hourly rate went up by 0.2% last month, in line with projections.
The disappointing report adversely affected the odds of a rate increase. The Federal Reserve earlier said that a hike in interest rates would be appropriate if the economy, particularly the labor market, continued to grow as expected.
EUR/USD rose 0.93% to trade higher at1.1255, a high last recorded May 18.
The greenback lost against the pound and the Swiss franc, with GBP/USD gaining 0.57% at 1.4505 and with USD/CHF retreating 0.74% to trade at 0.9831.
The Australian and New Zealand dollars edged higher against their U.S. rival, with AUD/USD tacking on 0.97% at 0.7299 and with NZD/USD rising 1.59% to 0.6922.
Elsewhere, USD/CAD fell 0.84% to trade at 1.2993, a one-week low.
The U.S. dollar index plunged 0.94% at 94.67, the weakest since May 18.