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FOREX-Dollar drops as employers add fewer jobs than expected in April
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FOREX-Dollar drops as employers add fewer jobs than expected in April
May 3, 2024 6:16 AM

NEW YORK, May 3 (Reuters) - The dollar fell on Friday

after data showed that U.S. employers added fewer jobs than

expected in April, while wage inflation was also slightly cooler

than expected.

Employers added 175,000 jobs last month, below economists'

expectations for an 243,000 increase. Wages increased 3.9% in

the 12 months through April, below expectations for a 4.0% gain

and after rising 4.1% in March.

The dollar index was last down 0.71% on the day at

104.55, the lowest since April 10, and the euro gained

0.76% to $1.0807.

The greenback weakened 1.09% to 151.95 Japanese yen

, the weakest since April 10.

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