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Strong U.S. Jobs Data Supports Dollar as Market Looks to U.S.-China Trade Deal
Monday, 9 December 2019 08:09 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade war.

The dollar index stood almost flat at 97.704 in early Asian trade on Monday, after rising 0.3% on Friday.

The euro traded at $1.10575 , after hitting a one-week low of $1.10395 on Friday.

The dollar changed hands at 108.57 yen . It had lifted to 108.92 yen on the U.S. jobs data before losing momentum.

U.S. nonfarm payrolls increased by 266,000 jobs last month, the biggest gain in 10 months, while the unemployment rate ticked back down to 3.5%, its lowest level in nearly half a century.

Source : Reuters

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