The U.S. dollar weakened against its major counterparts in the European session on Friday, as the nation's employment shrank unexpectedly in December, signaling that surging COVID-19 infections and restrictions have paused recovery in the labor market.
Data from the Labor Department showed that non-farm payroll employment fell by 140,000 jobs in December after climbing by an upwardly revised 336,000 jobs in November.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.