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US dollar faces pressure after lacklustre US jobs data

Published on Jan 13, 2014 11:36 AM

SINGAPORE (AFP) - The dollar faced fresh pressure in Asian trade on Monday as lacklustre United States jobs data fuelled speculation about the Federal Reserve's plans to wind down its stimulus programme.

The euro bought US$1.3678 in mid-morning Singapore trade from US$1.3666 in New York on Friday. The greenback eased to 103.29 yen from 104.15 yen. The euro bought 141.27 yen from 142.33 yen.

Japanese financial markets were closed for a public holiday.

The greenback's losses extended those seen in New York on Friday after data from the US Labor Department showed the economy added a mere 74,000 jobs in December, well below the consensus estimate of 197,000.

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