Dollar soars on positive US jobs data

AP News
Posted: Mar 08, 2013 4:42 PM

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

The euro fell to $1.3005 in late trading Friday from $1.3104 late Thursday. Earlier, the euro fell to $1.2954, its lowest point against the dollar since Dec. 11, 2012.

The Labor Department said Friday that 236,000 jobs were added in February and that the unemployment rate fell to 7.7 percent from 7.9 percent in January. Economists expected the economy to add 152,000 jobs.

The British pound fell to $1.4936 from $1.5018.

The dollar rose to 0.9511 Swiss franc from 0.9427 Swiss franc.

The dollar slipped to 95.82 Japanese yen from 94.85 Japanese yen and to 1.0287 Canadian dollar from 1.0289 Canadian dollar.