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Dollar rises against euro on jobs data

The dollar hit a six-week high against the euro on Friday after the publication of data which showed that job creation in the world's biggest  economy picked up in December.

The euro fell below the $1.30 level to $1.2997 dollars in late European trading from $1.3090 late in New York on  Thursday.

Official data from the Labor Department showed the US economy  added 167,000 jobs in December, far more than the 100,000 forecast  by Wall Street, and the job creation figures for October and  November were also revised upwards.

The latest assessment cut short any lingering talk that the Federal Reserve might cut interest rates in the coming months,  analysts said.

Analysts also pointed to an unchanged unemployment rate of 4.5% and a rise in hourly wages as further evidence that the Federal Reserve  would be unlikely to cut rates.