© Reuters. A US dollar banknote in this illustration from the Reuters archive.
NEW YORK (Reuters) – It fell on Friday after U.S. labor market data showed slowing wage growth, indicating an easing in inflationary pressures that may keep the pace of U.S. interest rate hikes modest, making the U.S. currency less attractive.
The dollar fell against all major currencies, but stabilized against the Canadian dollar. The dollar index, which measures the performance of the US currency against 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 against the yen after 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)
