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U.S. dollar rises after strong jobs report

NEW YORK, Oct. 7 (Xinhua) — The U.S. dollar appreciated in late buying and selling on Friday as market members digested the newly-released September U.S. jobs report.

The dollar index, which measures the dollar towards six main friends, elevated 0.48 p.c to 112.7950.

In late New York buying and selling, the euro was right down to 0.9737 U.S. {dollars} from 0.9798 {dollars} within the earlier session, and the British pound fell to 1.1076 U.S. {dollars} from 1.1151 {dollars} within the earlier session. The Australian dollar was right down to 0.6369 U.S. {dollars} from 0.6408 {dollars}.

The U.S. dollar purchased 145.34 Japanese yen, larger than 145.05 Japanese yen of the earlier session. The U.S. dollar was as much as 0.9949 Swiss francs from 0.9905 Swiss francs, and it decreased to 1.3725 Canadian {dollars} from 1.3751 Canadian {dollars}.

The U.S. Labor Department reported Friday that U.S. employers added 263,000 jobs in September amid a nonetheless tight labor market, with the unemployment fee edging down to three.5 p.c.

The payrolls information had buyers frightened that the Federal Reserve would proceed to be aggressive with fee hikes.

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