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US dollar eases back from a 20-year high following mixed US jobs report

The dollar on Friday eased from a 20-year high after data showed the pace of US hiring rose more than expected last month, but wage growth moderated and unemployment ticked higher, giving the US Federal Reserve some wiggle room when it raises interest rates later this month.

The US economy added 315,000 jobs last month, data showed, topping the consensus forecast of 300,000 jobs by economists polled by Reuters, and marking the 20th straight month of job growth.

The dollar index, which tracks the currency against six counterparts, zig-zagged following the report, in thin trading ahead of the long US Labor Day weekend.

Photo: EPA-EFE

The US currency was down 0.07 percent at 109.61, but was still up 0.74 percent for the week for…

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