Dollar gains against major currencies

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NEW YORK: The dollar gained on Friday after data showed slower than expected US jobs growth, suggesting the Federal Reserve could leave interest rates unchanged later this month. Financial markets had been bracing for a probable Supreme Court decision that could strike down President Donald Trump’s tariffs. But the court will not issue that ruling on Friday. The US economy added 50,000 jobs in December, according to Labor Department data on Friday. That was lower than an estimate of 60,000 jobs growth forecast by economists polled by Reuters. The dollar rose marginally across peer currencies as the data before paring those gains. The greenback was up 0.72 percent to 158 against the Japanese yen and was up 0.25 percent to 0.801 against the Swiss franc. The euro was down 0.22 percent against the dollar at USD1.1633. The dollar index rose 0.27 percent to 99.14. Web Desk