Investing.com - The dollar trimmed gains against the other major currencies on Friday, but remained broadly supported after data showing that the U.S. economy added more jobs than expected last month fuelled further expectations for an upcoming rate hike by the Federal Reserve.
USD/JPY was up 0.39% at 123.04.
The Labor Department said the U.S. economy added 211.000 jobs in November, beating expectations for an increase of 200.000. The U.S. created 298.000 jobs in October, whose figure was revised from a previously estimated 271.000.
The U.S. unemployment rate remained unchanged at 5.0% last month, in line with expectations.
Average hourly earnings rose 0.2% in November, in line with market expectations.
A separate report showed that the U.S. trade deficit widened to $43.89 billion in October from a revised deficit of $42.46 billion the previous month. Analysts had expected the trade deficit to narrow to $40.50 billion in October.
EUR/USD slipped 0.19% to 1.0920, off lows of 1.0856 hit earlier in the day.
The single curreny had rallied after European Central Bank President Mario Draghi said on Thursday that the pace of the quantitative easing program is to remain unchanged at €60 billion, disappointing expectations that the central bank would speed up its bond-buying scheme.
The comments came after the ECB's governing council lowered the deposit facility rate to -0.3% from -0.20%, in line with market expectations.
The ECB's main refinancing rate was left unchanged at a record-low 0.05%, in line with market expectations.
Earlier Friday, data showed that German factory orders increased by 1.8% in October, beating expectations for a 1.2% rise. Factory orders fell 0.7% in September, whose figure was revised from a previously estimated 1.7% decline.
Elsewhere, the dollar was higher against the pound and the Swiss franc, with GBP/USD down 0.13% at 1.5125 and with USD/CHF gaining 0.44% to 0.9980.
The Australian and New Zealand dollars were stronger, with AUD/USD up 0.26% to 0.7363 and with NZD/USD rallying 0.99% to 0.6754.
Meanwhile, USD/CAD slipped 0.13% to trade at 1.3338.
Statistics Canada reported on Friday that the number of employed people declined by 35.700 in November, compared to expectations for a 10.000 drop and after an increase of 44.400 the previous month.
Canada's unemployment rate ticked up to 7.1% last month from 7.0% in October. Analysts had expected the unemployment rate to remain unchanged in November.
Data also showed that Canada's trade deficit widened to C$2.76 billion in October from a revised deficit of C$2.32 billion the previous month. Analysts had expected the trade deficit to narrow to C$1.70 billion in October.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.29% at 98.10, after hitting session highs of 98.49.