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Dollar takes a dip on US payrolls report

The US dollar has weakened after the latest batch of official jobs numbers showed a stronger than expected pace of employment growth but a rise in the overall jobless rate in the world’s largest economy.

At publication time, the US dollar index is trading flat on the the day having been as much as 0.3 per cent stronger against a basket of its major trading peers ahead of the release.

US 10-year treasury yields nudged up slightly, less than 1 basis point, as investors digest the non-farm data which shows 222,000 jobs were created last month. The unemployment rate however ticked up to 4.4 per cent to 4.3.