Dollar gets short-lived bounce from US jobs report

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The greenback initially rose after the Labor Department reported employers added 292,000 positions last month, widely beating expectations and taking the full year total to 2.65 million, the second-biggest annual gain after 2014 since the 1990s.
But the scant improvement in wage gains waved a red flag at the close of a week marked by market volatility on concerns about global growth, China's slowdown and falling oil prices.
By 2200 GMT, the dollar had barely budged against the euro, at $1.0922, compared with $1.0928 at the same time Thursday. It also was relatively flat against the Japanese currency, at 117.26 yen.
The Federal Reserve is monitoring wage growth, a sign of tightening in the labor market and inflationary pressures, as it steers its benchmark federal funds rate from near-zero, where it was pegged since 2008 to help the country exit severe recession.
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