The dollar rose on Friday, after a brief dip, as investors reckoned a weaker-than-expected U.S. December non-farm payrolls report would not deter the Federal Reserve from raising interest rates multiple times this year though at a gradual pace.
U.S. nonfarm payrolls increased by 148,000 jobs last month. Economists were forecasting job gains of 190,000. Employment data for October and November data were revised to show 9,000 fewer jobs created than previously reported.
The dollar briefly slipped after the softer-than-forecast number, but has since regained momentum.
"It was a little disappointing. The market doesn't care. The margin of error on this number is always big," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago, referring to the U.S. jobs data.
"What we'd be concerned about is if we see a couple of prints below 100,000. Until then we're okay," he added.
Fed funds futures still price in a nearly 70 percent chance the U.S. central bank will hike interest rates in March, according to CME's Fedwatch.