Dollar rises, boosted by strong wages in jobs report
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(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.
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration
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