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    Dollar a shade higher on strong U.S. data

    The dollar shade higher against the other major currencies on Friday, after the release of strong U.S. employment data, boosting optimism over the strength of the economy.
     
    The U.S. Labor Department said that the U.S. added 215,000 jobs in March, a little above forecasts for 205,000, but a slim enough difference for it to fall within a margin of error.
     
    Futhermore, the unemployment rate edged up to 5% from 4.9% in February, missing analysts expectations to remain unchanged in March.
     
    The report also showed that U.S. average hourly earnings rose 0.3% in March, exceeding expectations for an uptick of 0.2%, after a 0.1% fall the previous month.
     
    As a result, the dollar picked up, dragging the euro down from 1.1437 hit earlier in the session, with EUR/USD up 0.12% to trade at 1.1395.
     
    The greenback trade in similar picture against the Japanese yen since the NFP numbers were released, but still 0.3% lower on the day, with USD/JPY down 0.27% to trade at 112.29.
     
    The dollar advanced against the Sterling pound, with GBP/USD down 0.69% at 1.4268 and remained lower against the Swiss franc, with USD/CHF shedding 0.29% to 0.9591.
     
    Meanwhile, the Australian dollar was steady, with AUD/USD at 0.7660, off Thursday’s eight-month peak of 0.7723. NZD/USD declined 0.45% to 0.6882, after hitting a nine-month high of 0.6966 on Thursday.
     
    The U.S. dollar climbed 0.62% against its Canadian counterpart with USD/CAD to trade at 1.3089, after falling to a five-month low of 1.2857 on Thursday.
     
    The U.S. dollar index , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 94.63, after falling to 94.33 earlier in the day.

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