Dollar falls on weaker-than-expected jobs data

AP News
Posted: Sep 07, 2012 4:25 PM

NEW YORK (AP) — A weak U.S. jobs report pushed the dollar lower against most other major currencies Friday.

The government said employers added 96,000 jobs in August. Economists had expected an increase of 135,000. The unemployment rate fell to 8.1 percent from 8.3 percent in July, but only because more people gave up looking for jobs.

The euro rose to $1.2795 late Friday, up from $1.2643 late Thursday. The euro jumped as high as $1.2814, its highest point against the dollar since May 22.

The British pound rose to $1.6004 from $1.5936.

The dollar fell to 78.29 Japanese yen from 78.88 yen, to 0.9457 Swiss franc from 0.9532 Swiss franc and to 97.82 Canadian cents from 98.22 Canadian cents.

The dollar also fell against the Australian and New Zealand dollar, the Norwegian krone, the South Korean won and the Hong Kong dollar.