The US dollar extended its previous session's uptrend against most major European opponents as the U.S. non-farm payroll employment increased in June during New York morning trading on Friday.
According to a report released by the Labor Department showed that non-farm payroll employment rose by 80,000 jobs in June following an upwardly revised increase of 77,000 jobs in May.
Economists had expected employment to increase by about 100,000 jobs compared to the addition of 69,000 jobs originally reported for the previous month.
Despite the continued job growth during the month, the unemployment rate remained unchanged at 8.2 percent, in line with economist estimates.
At present, the greenback is trading near fresh multi-week highs of 1.2294 against the euro and 0.9772 against the Swiss franc, which may be compared to yesterday's close of 1.2392 and 0.9696, respectively. Currently, the dollar is worth 1.2300 against the euro and 0.9767 versus the franc.
Against its British counterpart, the US currency also traded further higher in today's mid-day session and hit more than a 3-week high of 1.5474 by about 11:30 am ET form Thursday's closing value of 1.5527. As of now, the pair is trading at 1.5486.
by RTT Staff Writer
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