Dollar rallies against the euro

The dollar rallied against the euro this afternoon, wiping out earlier losses suffered after data showed the United States shed…

The dollar rallied against the euro this afternoon, wiping out earlier losses suffered after data showed the United States shed 63,000 jobs last month.

The euro fell to $1.5329 after earlier setting a fresh record high of $1.5459, according to Reuters data. It last traded at 1.5344. The dollar also pared losses against the yen, moving to 102.55 yen after earlier hitting an eight-year low at 101.44 yen.

Traders tied the move mainly to investors taking profits after more than a week of steady dollar selling.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter