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U.S. Dollar Rises Amid Data - May 7
 

The U.S. dollar rose on Monday as investors continue to digest the latest jobs data from the country.

U.S. unemployment rate fell to 3.9 percent in April after flatling at 4.1 percent for six straight months, the Labor Department reported on Friday.

It marked the lowest level since December 2000, with non-farm payroll employment increased by 164,000 last month, according to the department.

Analysts said Friday's job report confirmed a strengthening job market that would give the Federal Reserve more confidence to further increase interest rates.

The dollar index, which measures the greenback against six major peers, increased 0.21 percent at 92.759 in late trading.

In late New York trading, the euro decreased to 1.1924 dollars from 1.1960 dollars in the previous session, and the British pound increased to 1.3560 dollars from 1.3542 U.S. dollars in the previous session. The Australian dollar decreased to 0.7518 dollar from 0.7537 dollar.

The U.S. dollar bought 109.08 Japanese yen, lower than 109.12 Japanese yen of the previous session. The U.S. dollar increased to 1.0028 Swiss franc from 1.0007 Swiss franc, and it increased to 1.2869 Canadian dollars from 1.2853 Canadian dollars.


(www.chinaview.cn 2018-05-08)
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