January 6, 2017 / 1:48 PM / 9 months ago

Dollar rises, boosted by strong wages in jobs report

U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

(Reuters) - The dollar rose to session highs against a number of major currencies after December’s U.S. non-farm payrolls report showed a slowing in hiring but an increase in wages, setting the economy up for further interest rate increases from the Federal Reserve this year.

The dollar rose to a session high against the yen JPY= of 116.42 yen, while the euro EUR=, after hitting a one-week high immediately after the report's release, fell to a session low of $1.0547.

The dollar also hit session highs against the Swiss franc CHF= and the British pound GBP=.

Reporting by Dion Rabouin; Editing by Chizu Nomiyama

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