WSJ: Dollar Jumps Against Euro, Yen After US Jobs Report
NEW YORK (Dow Jones)--The dollar hit session highs against both the euro and yen in the moments after a report showed employers added more jobs in the U.S. in December than economists had forecast.
U.S. nonfarm payrolls increased by 200,000 last month. Economists had forecast a gain of 155,000. November payrolls were revised to a gain of 100,000 from an initial estimate of 120,000.
The euro dropped as low as $1.2744 in the moments after the report was released, but has climbed back to $1.2776. It was trading at $1.2782 a minute before the report was released, according to EBS via CQG.
The dollar rose as high as Y77.33 following the report before giving up some of those gains to trade most recently at Y77.21. The dollar traded at Y77.16 a minute before the news was announced.
