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U.S. Dollar Falls Despite Upbeat Data-March 13
 

The U.S. dollar ended lower against most major currencies on Monday despite positive economic data from the country.

U.S. total nonfarm payroll employment increased by 235,000 in February, well above market consensus of 188,000, the Labor Department announced Friday. The unemployment rate was little changed at 4.7 percent in February.

Analysts said although the jobs data bolstered market speculation for the Federal Reserve to raise rates later this month, it failed to support the greenback on Monday because a March rate-hike is already priced into the dollar at current levels.

In late New York trading, the euro fell to 1.0658 dollars from 1.0686 dollars in the previous session, and the British pound rose to 1.2235 dollars from 1.2171 U.S. dollars in the previous session. The Australian dollar increased to 0.7578 U.S. dollar from 0.7541 U.S. dollar.

The U.S. dollar bought 114.80 Japanese yen, lower than 114.83 yen of the previous session. The U.S. dollar fell to 1.0074 Swiss francs from 1.0097 Swiss francs, and it edged down to 1.3449 Canadian dollars from 1.3462 Canadian dollars.


(www.chinaview.cn 2017-03-14)
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