factory orders: In separate reports, factory orders fell 2.4% in November while orders for durable goods lost 4.5%. Trading in currencies was volatile following the release of the data, echoing some of the sharp moves the currency has seen over the past several weeks, though the dollar added to its advance throughout the session, according to Market Watch. We wobbled a bit the moment the data hit, but even though the headline was a little soft the guts look solid. The U.S. added 156,000 jobs in December, according to the closely watched payrolls report, and while this was below the 180,000 that had been expected, it still pointed to improving conditions in the labor market. This instill confidence that the inflation story is still intact and puts people back into that frame of mind after some profit-taking, said Brad Bechtel, managing director for currencies at Jefferies. With the day's advance, the index, which gauges the greenback against six rival currencies, turned slightly higher for the week, erasing a 1.1% slump on Thursday. The ICE Dollar Index DXY, 0.79% added 0.7% to 102.26, trading near its highs of the session.
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