The U.S. dollar fell against its major counterparts in the European session on Friday, as a moderation in the pace of U.S. job growth and a spike in the unemployment rate in August helped ease inflation worries and trimmed expectations of a 75 basis point hike from the Federal Reserve at its meeting later this month.
Data from the Labor Department showed that non-farm payroll employment rose by 315,000 jobs in August after surging by a revised 526,000 jobs in July.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.