Dollar Surges Against Rivals After Jobs Report

MarketWatch Pulse

The U.S. dollar surged against the yen, euro and pound Friday after data showed 214,000 new jobs were created in October. The euro fell to $1.2377, hovering just above a 26-month low. It traded at $1.2381 Thursday evening. The dollar traded at 115.40 yen, just short of a seven-year high. It traded at 115.16 yen Thursday. The pound traded at $1.5790, its lowest point against the dollar in more than a year. It traded at $1.5843 Thursday. The jobs data printed below the expected level, but analysts still touted it as a solid report, given that unemployment notched down to 5.8% from 5.9%. The economy has now added 200,000 workers or more for nine straight months, a feat last accomplished in 1994.

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