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​U.S. dollar rises after solid jobs report

2018-07-10 08:42

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The U.S. dollar index increased against most other major currencies in late trading on Monday as investors continued to digest the country's nonfarm payrolls report for June.

With no major economic data due Monday, investors were still sifting through the June jobs report. U.S. total nonfarm payroll employment increased by 213,000 in June, beating market consensus, the Labor Department said on Friday.

Job growth occurred in professional and business services, manufacturing, and health care, while retail trade lost jobs.

Meanwhile, as more Americans entered the labor force but not all found jobs, U.S. unemployment rate in June rose slightly to 4.0 percent from 3.8 percent in May, the lowest level since April 2000.

The dollar index, which measures the greenback against six major peers, was up 0.13 percent at 94.087 in late trading.

In late New York trading, the euro rose to 1.1748 U.S. dollars from 1.1746 dollars in the previous session, and the British pound was down to 1.3256 dollars from 1.3283 dollars in the previous session. The Australian dollar increased to 0.7466 dollar from 0.7430 dollar.

The U.S. dollar bought 110.81 Japanese yen, higher than 110.68 Japanese yen of the previous session. The U.S. dollar climbed to 0.9920 Swiss franc from 0.9900 Swiss franc, and it gained to 1.3115 Canadian dollars from 1.3102 Canadian dollars. 
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