MW:Dollar jumps after payrolls fall less than seen
NEW YORK (MarketWatch) -- The dollar jumped versus major rivals on Friday after the Labor Department said the U.S. economy lost 11,000 jobs in November, far less than economists predicted and feeding expectations that the U.S. economy is on the mend. The unemployment rate declined to 10%, surprising economists who expected it to stay at 10.2%. The dollar index (DXY 74.61, -0.02, -0.03%) , which measures the U.S. currency against a trade-weighted basket of six major rival currencies, traded at 75.054, compared to 74.619 in late North American trading Thursday. The euro fell 0.5% versus the greenback. The dollar gained 1.1% versus the Japanese yen.
