Dollar Soars To 2-month High Vs. Yen After July Jobs Report

By Joseph AdinolfiMarketWatch Pulse

The dollar surged against its main rivals after the Labor Department said the U.S. economy added 215,000 jobs in July. The number was roughly in line with economists' expectations. A survey of economists conducted by MarketWatch generated a consensus forecast of 220,000 new jobs. The dollar surged to 125.07 yen after the report, its highest level against the Japanese currency since early June. It traded at 125.64 yen shortly before the report. The euro slumped to $1.0875 after the report, its weakest level in two days. It traded at $1.0950 earlier. The pound weakened to $1.5444 after the report, slightly above its lows from Thursday's session. It traded at $1.5520 before the report.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below