Euro Falls To a 6-month Low Against Dollar After Jobs Report

By Joseph AdinolfiMarketWatch Pulse

The dollar soared against its rivals Friday after official data showed the U.S. added far more jobs in October than economists had expected. The U.S. economy added 271,000 jobs in October, compared with a consensus forecast for 177,000. The euro declined to $1.0706 after the data, its lowest level since late April, according to data from FactSet. It had traded at $1.0862 shortly before. The dollar strengthened to 123.04 yen after the report, its highest level since late August, rising from 121.91 yen before. The pound dropped to $1.5044 afterward - also its lowest since April. The British currency had traded at $1.5147 shortly beforehand.

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