The dollar dipped against the euro but rose slightly against the pound on Friday as weak U.S. non-farm employment data had little impact on foreign exchange trading.
U.S. non-farm employers cut 240,000 jobs in October, the Labor Department reported on Friday. The unemployment rate rose to 6.5 percent, its highest level since March 1993. It was the 10th straight month that non-farm payrolls dropped. Analysts said the unemployment rate could rose above 8 percent next year.
Investors expected the non-farm job data would be weak after research group Automatic Data Processing (ADP) reported on Wednesday that employers in U.S. private sector slashed 157,000 jobs in October. The non-farm job report didn't affect the dollar significantly as it was in line with expectation.
Foreign exchange markets are still dominated by risk aversion, analysts said. Low-yielding currencies such as the yen and the dollar would remain strong in near future amid recession worries.
The euro bought 1.2746 dollars in late New York trading compared with 1.2735 dollars it bought late Thursday. The pound fell to 1.5701 dollars from 1.5753 dollars.
The dollar rose to 1.1774 Swiss francs from 1.1762 Swiss francs, and rose to 98.11 Japanese yen from 97.82 Japanese yen. It fell to1.1878 Canadian dollars from 1.1887 Canadian dollars.
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