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U.S. dollar edges up after strong jobs data

2019-07-09 03:54

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NEW YORK, July 8 (Xinhua) -- The U.S. dollar climbed modestly against its major rivals in late trading on Monday as traders continued to digest the better-than-expected jobs report.

U.S. employers added 224,000 jobs in June, and the unemployment rate edged up to 3.7 percent, the U.S. Bureau of Labor Statistics reported Friday.

The data came as investors are pricing high on immediate interest rate cut moves by the U.S. central bank in order to spur growth.

The robust employment report may reduce the odds, experts noted.

The dollar index, which measures the greenback against six major peers, increased 0.11 percent at 97.3873 in late trading.

In late New York trading, the euro fell to 1.1211 U.S. dollars from 1.1221 dollars in the previous session, and the British pound decreased to 1.2512 dollars from 1.2526 dollars in the previous session. The Australian dollar fell to 0.6971 dollar from 0.6979 dollar.

The U.S. dollar bought 108.72 Japanese yen, higher than 108.57 Japanese yen of the previous session. The U.S. dollar rose to 0.9939 Swiss franc from 0.9919 Swiss franc, and it was up to 1.3096 Canadian dollars from 1.3083 Canadian dollars. Enditem

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