© Archyde.com. A US dollar banknote in this illustration from the Archyde.com archive.
NEW YORK (Archyde.com) – It fell on Friday following U.S. labor market data showed slowing wage growth, indicating an easing in inflationary pressures that might keep the pace of U.S. interest rate hikes modest, making the U.S. currency less attractive.
The dollar fell once morest all major currencies, but stabilized once morest the Canadian dollar. The dollar index, which measures the performance of the US currency once morest a basket of currencies, fell by 0.618 percent.
It rose 0.57 percent to $1.064, while it was trading at $1.2024, up 0.83 percent on Friday.
It rose 1.01 percent to 134.79 yen per dollar.
The dollar had recorded a surprise jump earlier in the session once morest the yen following the Bank of Japan kept its monetary policy unchanged at the last monetary policy meeting chaired by Governor Haruhiko Kuroda, who leaves office in April.
(Prepared by Mahmoud Abdel-Gawad for the Arabic Bulletin)