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Dollar mixed vs. rivals after upbeat U.S. economic reports

Published 12/06/2013, 10:25 AM
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Investing.com - The dollar was mixed against the other major currencies on Friday, as the release of upbeat U.S. economic reports supported risk sentiment, although the data also fuelled speculation the Federal Reserve will soon begin tapering its asset purchases.

During U.S. morning trade, USD/JPY rallied 0.90% to 102.71.

In a preliminary report, the University of Michigan said its consumer sentiment index increased to 82.5 in December, from a reading of 75.1 the previous month, compared to expectations for a rise to 76.0.

The data came after the Department of Labor said the U.S. economy added 203,000 jobs in November, exceeding expectations for a 180,000 increase, after a downwardly revised 200,000 rise the previous month.

In the private sector, 196,000 jobs were added last month, compared to expectations for a 180,000 rise, after an increase of 214,000 in October.

The report also said the U.S. unemployment rate fell to 7.0% in November, from 7.3% in October, beating expectations for a downtick to 7.2%.

Elsewhere, EUR/USD added 0.14% to 1.3683.

Earlier Friday, official data showed that German factory orders fell 2.2% in October, more than the expected 0.6% slip, after a downwardly revised 3.1% increase the previous month.

The pound was higher against the dollar, with GBP/USD edging up 0.16% to 1.6362.

Industry data showed that house price inflation in the U.K. rose 1.1% in November, beating expectations for a 0.6% increase, after an upwardly revised 1.3% rise the previous month.

The dollar fell against the Swiss franc, with USD/CHF down 0.24% to 0.8945.

Official data earlier showed that Swiss consumer price inflation was flat last month, compared to expectations for a 0.2% fall, after a 0.1% downtick in October.

The greenback was broadly lower against the Australian, New Zealand and Canadian dollars, with AUD/USD rising 0.31% to 0.9090, NZD/USD adding 0.18% to 0.8236 and USD/CAD down 0.13% to 1.0641.

In Canada, official data showed that the economy added 21,600 jobs last month, blowing past expectations for a 12,000 rise, after an increase of 13,200 in October.

Canada's unemployment rate remained unchanged at 6.9% in November, compared to expectations for a rise to 7.0%.

The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.06% to 80.32.


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