Dollar gets tonic from strong US jobs figure
AFP, New York
The dollar got a boost Friday from strong US jobs data, which eased concerns of a US economic slowdown and supported the notion of more rate hikes by the Federal Reserve. The euro fell to 1.2829 dollars at 2100 GMT from 1.2956 late on Thursday in New York. The dollar stood at 105.07 yen, from 104.46 on Thursday. Official data revealed that US nonfarm payrolls had risen by 274,000 in April, well above analysts' forecasts. "Dollar buyers had been hesitant to act ahead of the jobs report, but the outcome should provide strong impetus to the dollar over coming days," said Mitul Kotecha, currency analyst at CALYON.
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