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Dollar sinks against pound on US jobs data

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The dollar fell Friday versus the pound on news that US wage growth slowed in December, dimming expectations of more aggressive interest rate hikes from the Federal Reserve, dealers said.

At about 1600 GMT, sterling climbed 1.2 percent to $1.2043 following publication of the data.

 

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.