» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 153 | Tuesday, August 07, 2012

Euro Jumps to 1-Month High Against Dollar

AP

Print | Front Page | Email this story | Comments ()

NEW YORK (AP) — The euro rose to a one-month high against the dollar Monday following last week's stronger-than-expected U.S. jobs report.

The euro rose to $1.2399 in late trading Monday from $1.2377 late Friday. It went as high as $1.2442 earlier, its highest point against the dollar since July 5.

Riskier currencies such as the euro tend to rise when investors think economic conditions are getting better.

On Friday, The Labor Department said Friday that 163,000 jobs were added in July. Economists expected a rise of just 100,000 jobs. With no new economic data released Monday, the jobs report drove the euro higher.

In other trading Monday, the British pound fell to $1.5611 from $1.5645 late Friday.

The dollar fell to 78.22 Japanese yen from 78.59 yen, to 0.9692 Swiss franc from 0.9710 Swiss franc and to 99.92 Canadian cents from 99.96 Canadian cents.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 63 269 16,682
MORTGAGES 85 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 65 287 15,829
BUSINESS LICENSES 16 67 5,558
UTILITY CONNECTIONS 126 413 23,986
MARRIAGE LICENSES 22 94 5,129

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.