The U.S. dollar outperformed against other major currencies on Friday after a report showed that the country added more jobs than expected in October.
The report released by the Labor Department said non-farm payroll employment increased by 171,000 jobs in October following an upwardly revised increase of 148,000 jobs in September.
Economists had expected employment to increase by about 125,000 jobs compared to the increase of 114,000 jobs originally reported for the previous month.
Despite the continued job growth, the unemployment rate edged up to 7.9 percent in October from 7.8 percent in September due to an increase by the size of the workforce
The greenback is trading at 80.67 against the yen, it highest level since since April 27. The next resistance level for the greenback-yen pair is seen at 81.00.
Against the franc and the euro, the greenback approached fresh 3-week highs of 0.94 and 1.2853, respectively. If the dollar extends gain, it is likely to find next target level at 0.945 against the franc and 1.28 against the euro.
The greenback spiked up to 1.6043 against the pound for the first time since October 30. On the upside, the greenback is likely to break 1.60 level.
