(Reuters) - The jobs data showed the U.S. economy generated 88,000 jobs in April, against a forecast for a gain of 100,000 jobs. However, the derivatives auction showed investors were looking for a gain of 80,700.
"The data was not dollar friendly ... but the euro is so grossly overbought at this point that we needed recessionary data to push it forward," said Boris Schlossberg, senior currency strategist at Dailyfx.com in New York.
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