The U.S. dollar dropped against its major counterparts in the European session on Friday, as the nation's jobless rate rose more than expected in October, raising the prospect of a slowdown in the pace of rate hikes in the coming months.
Data from the Labor Department showed that the unemployment rate increased to 3.7 percent in October from 3.5 percent in September. The unemployment rate was expected to inch up to 3.6 percent.
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