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THE greenback added 0.35% to 97.08 on favourable job market data. Unemployment rate remained at 3.7% for the third consecutive month, with the labour force participation rate staying at 62.9% for the second consecutive month and wage growing at the same pace as in October by 3.1% y-o-y, 0.2% m-o-m.
AMID a short working week due to the Thanksgiving holiday, the US dollar closed higher by 0.31% to 96.712 following a stronger appetite for safe-haven assets after the rout in the stock market that saw Dow Jones and S&P 500 tumbling 2.2% and 3.2%, respectively, amid a nosedive in crude oil price.
THE dollar depreciated by 0.31% to 96.7 largely after improving risk appetite in the global markets added with weaker-than-expected October ISM Manufacturing PMI, which came in at 57.7 points (previous: 59.8 points; cons: 59 points), signalling a slowing momentum in the US economy.