Dollar Inches Up Against Yen, Euro

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The dollar was slightly higher against the euro and the yen, following Friday morning's October employment report from the Labor Department.

The U.S. currency recently traded at 90.25 cents, up from 90.58 cents Thursday.The dollar climbed to 121.63 yen from 121.38 in the prior session. The British pound slipped to $1.4612 from $1.4680 previously. The euro fetched 109.77 yen.

The Labor Department said nonfarm payrolls fell by 415,000 in October, lifting the unemployment rate to 5.4%, its highest level in five years. The rate had stood at 4.9% at the end of September. The payroll decline was the biggest monthly loss of jobs since May 1980.