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The Dollar Index reversed lower Friday while other currencies were lifted by default when non-farm payrolls figures showed the U.S. job market cracking around year-end and after a period when coronavirus containment efforts were again closing down parts of the world's largest economy.
The Dollar pared losses Friday after official data revealed a stronger-than-anticipated increase in the number of jobs created by the economy during October, and a healthy pick-up in the rate of wage growth.
The Dollar strengthened Friday after official data showed the U.S. unemployment rate declining to a new multi-decade low while wages continue to grow at a healthy clip in September, which is significant for Federal Reserve (Fed) policy.
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