U.S. dollar slips after jobs data

NEW YORK, Dec. 11 (Xinhua) -- The U.S. dollar declined against most major peers on Monday as investors were still digesting the latest nonfarm payroll report.

The U.S. Labor Department reported Friday that total nonfarm payroll employment increased by 228,000 in November, beating market consensus of a 190,000-gain. The unemployment rate was unchanged at 4.1 percent.

Meanwhile, average hourly employee earnings were up by 2.5 percent year-over-year in November, reflecting an acceleration from 2.4 percent in October but below estimates for 2.7 percent growth.

Analysts said the the unexpected strength of payrolls was offset by weaker-than-expected average hourly earnings to some degree.

Investors also kept a close eye on the Fed's policy meeting, with an updated policy statement set to be released after the conclusion of the meeting on Wednesday.

The dollar index, which measures the greenback against six major peers, was down 0.08 percent at 93.822 in late trading.

In late New York trading, the euro rose to 1.1792 dollars from 1.1768 dollars in the previous session, and the British pound declined to 1.3348 dollars from 1.3399 U.S. dollars in the previous session. The Australian dollar inched up to 0.7535 dollar from 0.7503 dollar.

The U.S. dollar bought 113.47 Japanese yen, lower than 113.53 yen of the previous session. The U.S. dollar decreased to 0.9907 Swiss franc from 0.9925 Swiss franc, and it fell to 1.2847 Canadian dollars from 1.2871 Canadian dollars. Enditem