The dollar fell slightly against most major currencies on Friday after House of Representatives approved the financial bailout plan and a report showed U.S. non-farm payroll weakened dramatically in September.
U.S. President George W. Bush signed the 700 billion dollar bailout plan into law soon after the House of Representatives approved it Friday afternoon. Wall Street and the dollar ended lower as investors worried that the bailout is not a quick fix to troubled credit market and U.S. economy.
The Labor Department said on Friday that 159,000 non-farm jobs were cut in September in the ninth consecutive month of job cuts. It was much larger than a job loss of 100,000 analysts forecasted. However, the dollar was not hit hard by the report as the unemployment rate remained steady at 6.1 percent.
The euro bought 1.3835 dollars in late New York trading compared with 1.3824 dollars it bought late Thursday.
The dollar fell to 1.1264 Swiss francs from 1.1364 Swiss francs, and rose to 105.35 Japanese yen from 105.27 Japanese yen. It was unchanged against the Canadian dollar at 1.0796.
Source: Xinhua
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