Dollar edges higher after jobs report
The dollar traded higher against its main rivals Friday after the November nonfarm payrolls report showed strong jobs growth, clearing the way for an interest rate hike at the Federal Reserve's upcoming meeting. The U.S. economy added 211,000 in November, and a reading on October jobs growth was revised higher. The euro sank to $1.0868 after the data, from $1.0909 shortly before. The dollar rose to 123.3510 yen, from 122.9390 before. The pound dropped to $1.5092, from $1.5138 before.
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