Forex Top Story

Dollar Drops As Rate Worries Ebb After U.S. Jobs Data

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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by RTTNews Staff Writer

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