The dollar dropped against the yen and Swiss franc on Friday as dour US jobs data strengthened expectations the Federal Reserve will leave interest rates low well into next year, prompting investors to embrace alternate safe-havens. The euro hit a session low of $1.4204 on Reuters data as markets became wary of taking on riskier assets following the jobs report. But it then trimmed losses, with traders saying the sharp drop toward the $1.42 level triggered short-term buying.
It last traded at $1.4258, down 0.7 percent on the day. At current prices the euro is down 1.8 percent against the dollar this week. The dollar fell as low as 80.48 yen following the jobs data from 81.48 yen earlier. It was last down 0.7 percent at 80.64 yen. Against the franc, the greenback was last trading down 0.8 percent at 0.8372 francs. The euro fell 1.4 percent to 115.02 yen and dropped 1.5 percent at 1.1942 francs.
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