The value of the U.S. dollar gained on Friday when compared with the shared currency of the European Union, according to Bloomberg.
Propelling the value of the world's reserve currency was news about employers in the nation hosting the globe's biggest economy creating more jobs. The greenback also gained amid widespread belief that the sovereign debt crisis is getting worse.
"The euro is decoupling from the risk-on, risk-off trade," currency strategist Vassili Serebriakov with Wells Fargo in New York told Bloomberg. "We've seen strong U.S. data helping the euro over the past two years via risk appetite, and that is changing as a strong report like this sees the euro falling versus the dollar. This is going to be a theme that will play out in early 2012."
The Japanese yen recouped losses to the U.S. dollar as a consequence of the president of the Federal Reserve Bank of New York citing the U.S. government's need to upgrade housing market programs.
Reuters reports the dollar's climb began early in Friday's trading session, prompted by job data that was better than forecast.
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