Dollar edges down after US jobs data; pound firm after UK election

New York, July 5 (BNA): The U.S. dollar index fell slightly on Friday after data showed U.S. job growth slowed marginally in June while the unemployment rate rose, underscoring the view the Federal Reserve could begin cutting interest rates in September.

The dollar index initially extended declines and the dollar weakened against the yen before paring losses, Reuters reported.

The index, which measures the greenback against a basket of currencies, was last down 0.09% at 105.07, with the euro up 0.06% at $1.0817.

The pound firmed as the Labour party secured a landslide victory in the UK general election.


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