Dollar climbs to four-month high vs euro after data

NEW YORK, Jan 7 (Reuters) - The dollar rose to a fresh four-month high against the euro on Friday in volatile trade after a report showed fewer U.S. jobs than expected were created in December.

Non-farm payrolls increased 103,000, the Labor Department said on Friday, below economists' expectations for 175,000. The unemployment rate unexpectedly fell to 9.4 percent. For more details, click [ID:nLLA7CE7A1].

The euro last traded at $1.2955 on electronic trading platform EBS, after falling to a fresh four-month low of $1.2935. The euro rose into positive territory against the dollar after the report but then relinquished those gains.

The dollar was last at 83.35 yen , compared with 83.66 yen prior to the data.

Source: Reuters

07.01.2011