|Published:||Aug 03, 2012 1:19 PM EDT|
|Updated:||Aug 04, 2012 6:31 AM EDT|
NEW YORK (AP) - The dollar is falling against the euro after stronger-than-expected U.S. jobs data pushed traders to buy riskier currencies.
The Labor Department said that 163,000 jobs were added in July. Economists expected a rise of 100,000 jobs.
Riskier currencies such as the euro tend to rise when investors think economic conditions are getting better.
The euro jumped to $1.23923 from $1.2176 late Thursday. The British pound rose to $1.5641 from $1.5506.
The dollar fell to 0.9709 Swiss franc from 0.9866 Swiss franc.
It rose to 78.59 Japanese yen from 78.25 yen.