Dollar inches lower as data shows weak US wage growth

New York

THE dollar fell on Friday in choppy trading after the US employment report showed a smaller-than-expected rise in wages last month despite strong jobs gains, likely prompting the Federal Reserve to be less aggressive in raising interest rates this year.

The greenback has struggled amid concerns about the Trump administration's preference for a weak dollar. It posted its worst January in percentage terms in 30 years. During the week, the trend continued to be lower, with the greenback down 2.3 per cent against the yen in its worst weekly performance since late July.