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Dollar up after strong US jobs data, takes back some losses from yen

Published by
Reuters UK

By Hannah Lang WASHINGTON (Reuters) -The dollar rose on Friday after new data showed U.S. job growth accelerated in November and the unemployment rate dropped, pointing to underlying strength in the labor market. The U.S. dollar index was last up 0.3% at 104.0, on track for a modest weekly gain after a bruising November, in which it shed 3%. The yen was 0.52% lower against the dollar at 144.35, following its biggest rally in almost a year the day before. U.S. nonfarm payrolls added 199,000 jobs last month, the Labor Department’s Bureau of Labor Statistics said on Friday. Economists polled by R…

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