The dollar extended losses after the April U.S. jobs report showed stronger-than-expected payroll gains and a 4.3% unemployment rate.

The U.S. dollar extended its decline on May 8 after the April employment report showed stronger-than-expected labor data but did not produce a rebound in the greenback.

The Bureau of Labor Statistics reported that nonfarm payrolls rose by 115,000 in April, with the unemployment rate at 4.3%. Market coverage said the dollar weakened against the euro and yen after the release.

The move came alongside broader risk sentiment tied to geopolitical developments and shifting rate expectations. WSJ market coverage said the dollar was still under pressure even as the labor report pointed to a resilient U.S. jobs market.

The April Employment Situation report was released at 8:30 a.m. ET on May 8. That timing made it the main catalyst for the day’s early FX action.

For now, the currency market is signaling that a solid labor print alone was not enough to reverse the dollar’s recent slide.

Revision note

Initial automated publication.