Dollar ends week on uneven footing after mixed jobs report

The dollar finished the week on uneven footing, posting its second straight weekly gain against the euro, while weakening against the yen after Friday’s closely watched jobs report delivered a hazy picture of the U.S. labor market.

The headline number of 173,000 for the U.S. Labor Department’s nonfarm-payroll report missed a consensus forecast for 213,000, but analysts said the details of the report were more encouraging. Job gains for July and June were revised up by a combined 44,000, which helped bring the unemployment rate down to 5.1%.

Market participants were split on how the labor report would influence the Federal Reserve’s decision to lift rates for the first time in nearly a decade at their two-day policy meeting, which begins Sept. 16.

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