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NEW YORK: The US dollar on Friday slipped against the euro but rose against the yen after a tepid jobs report signalled that the US economy was doing better than expected.
The euro climbed to 1.2895 dollars in New York at 2100 GMT from 1.2821 dollars late Thursday as the jobs figures encouraged investors to take on more riskier assets such as the single European unit and stocks.
The dollar was slightly stronger against the Japanese currency, fetching 84.32 yen compared to 84.30 a day earlier.
In a closely-watched report, the Labour Department said on Friday that the economy lost 54,000 jobs last month, a better figure than the 120,000 loss expected by economists, as the unemployment rate climbed to 9.6 percent, its highest level since May.
However, the private sector created a much better-than-expected 67,000 jobs.
"Most foreign currencies are stronger against the greenback as markets react with a sense of relief to today's US payrolls report," Wells Fargo analyst Nick Bennenbroek wrote in a note.
With the jobs data, "the pendulum has swung away from risk aversion in the direction of higher risk appetites, with commodity and emerging currencies doing particularly well," he said.
Against other key currencies, the dollar rose to 1.0158 Swiss francs from 1.0127 on Thursday while the British pound was up to 1.5463 dollars from 1.5401.
- AFP/de
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