Dollar slips after U.S. jobs data signals later Fed rate hike

July 2, 2015 7:12 PM

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Dollar slips after U.S. jobs data signals later Fed rate hike

NEW YORK The U.S. dollar slipped against a basket of major currencies on Thursday after disappointing U.S. jobs data pushed out bets for a Federal Reserve rate hike to 2016, while caution ahead of this weekend's Greek referendum limited losses.

Nonfarm payrolls increased by 223,000 last month, the Labor Department said. Adding to the report's soft note, April and May data was revised to show 60,000 fewer jobs were added than previously reported, while the labor force participation rate fell to its weakest since October 1977.

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