Dollar Rises On Strong US Jobs Data
NEW YORK (AP) â¿¿ The dollar jumped to a one-month high against the euro Friday after U.S. employers added more jobs last month than economists had expected.
The Labor Department said U.S. employers added 171,000 jobs in October, and hiring was stronger in August and September than first thought. Economists expected a gain of 121,000 jobs, according to FactSet. The unemployment rate edged up to 7.9 percent from 7.8 percent as more people started looking for jobs.
The euro fell to $1.2829 in late trading Friday from $1.2939 late Thursday. The euro fell as low as $1.282 Friday, the lowest it has been since Oct. 1.
The British pound fell to $1.6021 from $1.6125.The dollar rose to 80.42 Japanese yen from 80.18 Japanese yen and to 0.9411 Swiss franc from 0.9321 Swiss franc. Canada also released a jobs report Friday, and said that employees in the country added just 1,800 jobs last month. The dollar fell to 99.56 Canadian cents from 99.62 Canadian cents.
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