MW: Dollar rises versus euro, yen after payrolls drop
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar rose versus the euro and Japanese yen on Friday after the Labor Department said the U.S. economy lost 247,000 jobs in July, and payrolls were revised higher for May and June. The euro fell to $1.4330, from $1.4342 in late North American trade. The greenback bought 96.37 yen, from 95.59 late Thursday. The report also said the unemployment rate unexpectedly fell to 9.4% from 9.5% in June. Economists surveyed by MarketWatch predicted payrolls would fall by 275,000 and saw a 9.7% unemployment rate.
