The U.S. dollar fell against its major counterparts in the New York session on Friday, as U.S. jobs data showed that wage growth eased in December, in a sign that inflation may be fading amid the Federal Reserve's monetary policy tightening.
Data from the Labor Department showed that non-farm payroll employment jumped by 223,000 jobs in December after surging by a revised 256,000 jobs in November.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.