The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
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The dollar fell from a seven-month high against a basket of currencies Friday after US data dented optimism about the economy and reinforced expectations the Fed will continue its bond-buying program for the foreseeable future.
The dollar climbed to a seven-month high against a basket of currencies on Wednesday as robust U.S. retail sales data bolstered prospects for the world's largest economy.
The yen rose against the dollar for the first time in a week on Tuesday, rebounding from a 3 1/2-year low, as short and long-term investors opted to book profits.
The dollar rose against the yen Monday, trading near a 3 1/2-year high set the previous session when strong U.S. jobs data spurred speculation the Federal Reserve could back away from its ultra-loose monetary policy.
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The dollar touched a fresh 3 1/2-year high against the yen and a three-month high against the euro on Friday, buoyed by a stronger-than-expected U.S. jobs report.
TORONTO, March 8- The Canadian dollar hit a one-week high on Friday after much better-than-expected jobs growth in February in both Canada and its main trading partner, the United States, before pulling back to end the session little changed.