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U.S. dollar slips amid jobs information

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NEW YORK, Dec. 2 (Xinhua) — The U.S. dollar weakened in late buying and selling on Friday as market individuals digested the newest U.S. payrolls information.

The dollar index, which measures the buck in opposition to six main friends, fell 0.18 p.c to 104.5460.

In late New York buying and selling, the euro was as much as 1.0537 U.S. {dollars} from 1.0522 {dollars} within the earlier session, and the British pound elevated to 1.2289 U.S. {dollars} from 1.2257 {dollars} within the earlier session.

The U.S. dollar purchased 134.47 Japanese yen, decrease than 135.24 Japanese yen of the earlier session. The U.S. dollar was as much as 0.9377 Swiss francs from 0.9367 Swiss francs, and it rose to 1.3463 Canadian {dollars} from 1.3427 Canadian {dollars}. The U.S. dollar elevated to 10.3254 Swedish Kronor from 10.3088 Swedish Kronor.

The U.S. Labor Department reported Friday that the nation’s employers added 263,000 jobs in November, a lower from October’s upwardly revised 284,000, however increased than the consensus estimate of 200,000. The unemployment fee was unchanged at 3.7 p.c.

“Another solid rise in payrolls, but another month with fewer jobs added than the month before,” Chris Low, chief economist at FHN Financial, stated in a notice on Friday.

“There is nothing in this report that will be compelling to the Fed one way or there other,” he stated. “That is, there is no reason to be more aggressive in hiking rates, but there is also no reason to stop hiking either.”

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