The world's reserve currency surged on Friday against the Japanese yen, propelled higher by stronger-than-expected employment data released by the U.S. Department of Labor, according to Reuters.
Job creation in the world's largest economy rose as high as 165,000 jobs, drawing down the unemployment rate to 7.5 percent after it checked in last month at 7.6 percent. The present jobless level is the U.S.' lowest in about four years.
"The job market and the economy in general appear to be more resilient than investors had feared," market analyst Joe Manimbo with Western Union Business Solutions in Washington told Reuters on Friday. "The weight this jobs report carries from month to month can go some way to reviving the notion that the Fed could taper later this year."
The world's reserve currency achieved gains of more than 1 percent against the yen, noting the dollar's biggest gains against its cross-Pacific rival in roughly two weeks.
Markets in Japan, owner of the globe's third-biggest economy, are closed on Friday and on Monday in observance of national holidays, according to Bloomberg.
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