Euro, pound fall against dollar on US jobs report

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Associated Press

Posted on December 7, 2012 at 1:01 PM

Updated Friday, Dec 7 at 1:02 PM

NEW YORK (AP) — The dollar is rising against the euro and other currencies after the U.S. government reported job growth in November that was greater than analysts were expecting.

The euro fell to $1.2934 Friday from $1.2964 Thursday, and the British pound fell to $1.6032 from $1.6048.

The Labor Department reported that U.S. employers added 146,000 jobs last month, beating economists' estimates. The unemployment rate also fell to 7.7 percent from 7.9 percent, but that was mainly because more people gave up looking for work.

In other trading, the dollar rose to 0.9338 Swiss franc from 0.9330 Swiss franc.

It edged down to 82.35 Japanese yen from 82.36 yen and to 98.93 Canadian cents from 99.16 Canadian cents.

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