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Dollar falls on strong US jobs data |
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Dollar fell against euro after stronger-than-expected US jobs data.
The dollar is falling against the euro after stronger-than-expected U.S. jobs data pushed traders to buy riskier currencies.
The Labor Department said that 163,000 jobs were added in July. Economists expected a rise of 100,000 jobs.
Riskier currencies such as the euro tend to rise when investors think economic conditions are getting better.
The euro jumped to $1.23923 from $1.2176 late Thursday. The British pound rose to $1.5641 from $1.5506.
The dollar fell to 0.9709 Swiss franc from 0.9866 Swiss franc.
It rose to 78.59 Japanese yen from 78.25 yen. |
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