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Reuters
FOREX-Dollar gives back gains, strong wage growth complicates Fed policy
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds comments from Fed officials, updates prices) By Karen Brettell NEW YORK, Dec 2 (Reuters) – The dollar dipped on Friday as a Federal Reserve official said rate hikes are likely to slow and as investors took profits from earlier gains after jobs data and wage inflation were surprisingly strong in November and muddied the outlook for how hawkish the U.S. central bank will be. “Stronger-than-expected hiring can buy the Fed more time to stay aggressive,” Joe Manimbo, senior market analyst at Convera in Washington, said.
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