Dollar rises in European trading |

Dollar rises in European trading

BERLIN – The dollar rose against the euro Friday as the United States reported a rise in payrolls while the unemployment rate held steady at 5 percent on November.The euro fell to $1.1714 in late New York trading Friday from $1.1733 late Thursday in New York. The dollar also slipped to 120.42 Japanese yen from 120.44 yen on Thursday, and the pound rose to $1.7340 from $1.7306. The dollar fell to 1.3170 Swiss francs from 1.3176 Swiss francs, and to 1.1607 Canadian dollars from 1.1639 Canadian dollars.In Washington, the U.S. Labor Department reported that payrolls snapped out of a two-month funk last month and grew by 215,000, the most since July. The unemployment rate held steady at 5 percent.In the previous two months, hiring turned lethargic because of devastating storms.Friday’s report suggested that employers were feeling much better about hiring now that energy prices have retreated from record highs and the energy supply and transportation disruptions from the trio of Gulf Coast hurricanes are easing.Vail, Colorado

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