US President Barack Obama last Friday said the job losses were “a sobering reminder that progress comes in fits and starts.”
Signs of recovery have pushed down the value of the dollar, which is traditionally seen on currency markets as a safe haven in tough economic times and whose global reserve status has been questioned.
The dollar was trading at 1.4572 to the euro in New York late last Friday.
The current state of the dollar has led some experts to conclude that Washington is allowing the currency to lose value as a way of boosting US exports by making them cheaper — a tactic that would weaken European exports.
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