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FOREX-Dollar gains after stronger-than-expected U.S. jobs report

Published 06/12/2019, 14:41
Updated 06/12/2019, 14:45
© Reuters.  FOREX-Dollar gains after stronger-than-expected U.S. jobs report
EUR/USD
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NEW YORK, Dec 6 (Reuters) - The dollar rose against the yen

and extended gains versus the euro on Friday, after data showed

the world's largest economy created many more jobs than expected

in November, backing the Federal Reserve's stance of pausing

interest rate cuts at its last meeting.

Data showed nonfarm payrolls increased by 266,000 jobs last

month, with manufacturing recouping all 43,000 positions lost in

October, the government's survey of establishments showed.

Economists polled by Reuters had forecast payrolls rising by

180,000 jobs in November. The dollar rose 0.1% against the yen to 108.86 yen JPY= ,

after the data, whhile the euro fell to 1.1072, down 0.3%

EUR= .

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