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2014.11.0921:52:39UTC+00US dollar glides below 4-year high

The US dollar hovered below a four-year high, losing a bit of altitude late last week following IS jobs data declined, pressing some investors to take profits on extremely long positions.

The dollar index wiped out 0.2% to 87.513, after a 0.4% drop Friday as it retreated from 88.190, a peak not noticed since June 2010.

"It was a position-driven reaction. Essentially, the employment picture looks good but is likely not great enough to change the Fed's course," said CitiFX analysts in a note to clients.

American employers gained 214,000 new jobs to their payrolls last month. Details of the report were firm with the unemployment rate falling to a new six-year low of 5.8% although more people entered the workforce.

That undermined the greenback, slipping to ¥114.45 from a seven-year peak of ¥115.60. Against the euro, it traded to $1.2463, previously $1.2358. 

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